Post Utme Afe Babalola University 2017 Commerce Question 26
Practice objective / multiple choice question 26 from the 2017 Post Utme Afe Babalola University 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 increases its labor input from 100 to 121 units and its capital input from 100 to 121 units, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Afe Babalola University 2017 Commerce Question 26. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Commerce examination.
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