Post Utme Wellspring University 2025 Economics Question 7
Practice objective / multiple choice question 7 from the 2025 Post Utme Wellspring University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm increases labor input from 4 units to 6 units and capital input from 9 units to 12 units, what is the percentage change in output?
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About This Question
This is Post Utme Wellspring University 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Wellspring University Economics examination.
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