Post Utme Achievers University 2022 Commerce Question 31
Practice objective / multiple choice question 31 from the 2022 Post Utme Achievers University Commerce examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is the quantity produced, L is the number of laborers, and H is the number of machines. If the firm wants to increase its production by 25% while keeping the number of laborers constant, what percentage increase in the number of machines is required?
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About This Question
This is Post Utme Achievers University 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Achievers University Commerce examination.
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