Post Utme Abu 2024 Commerce Question 29
Practice objective / multiple choice question 29 from the 2024 Post Utme Abu Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the company wants to increase its production by 20% while keeping labor input constant at 100 units, what percentage increase in capital input is required?
Answer Options
About This Question
This is Post Utme Abu 2024 Commerce Question 29. It is one of the objective questions from the 2024 Post Utme Abu Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.