Post Utme Aaua 2023 Commerce Question 2
Practice objective / multiple choice question 2 from the 2023 Post Utme Aaua Commerce examination.
A company has a production function ( Q = 2L^2 + 5K ), where ( L ) is labor and ( K ) is capital. If the company increases labor by 20% and capital by 15%, what is the percentage change in output?
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About This Question
This is Post Utme Aaua 2023 Commerce Question 2. It is one of the objective questions from the 2023 Post Utme Aaua Commerce examination.
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