Post Utme Achievers University 2019 Commerce Question 22
Practice objective / multiple choice question 22 from the 2019 Post Utme Achievers University Commerce examination.
A company has a production function Q = 2L^0.4K^0.6, where Q is the quantity produced, L is labor, and K is capital. If labor increases by 20% and capital remains constant, what is the percentage change in output?
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About This Question
This is Post Utme Achievers University 2019 Commerce Question 22. It is one of the objective questions from the 2019 Post Utme Achievers University Commerce examination.
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