Post Utme Wellspring University 2024 Economics Question 20
Practice objective / multiple choice question 20 from the 2024 Post Utme Wellspring University Economics examination.
A firm's production function is given by Q = 2L^0.5 * K^0.5, where Q is the output, L is the labor input, and K is the capital input. If the firm's labor input increases by 20% and the capital input remains cons\tant, what is the percentage change in output?
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About This Question
This is Post Utme Wellspring University 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Wellspring University Economics examination.
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