Post Utme Abu 2022 Commerce Question 29
Practice objective / multiple choice question 29 from the 2022 Post Utme Abu Commerce examination.
A firm has a production function given by Q = 2L + 3K, where Q is the output, L is the labor and K is the capital. If the firm increases labor by 20% and capital by 15%, what is the percentage increase in output?
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About This Question
This is Post Utme Abu 2022 Commerce Question 29. It is one of the objective questions from the 2022 Post Utme Abu Commerce examination.
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