Post Utme Afe Babalola University 2018 Commerce Question 31
Practice objective / multiple choice question 31 from the 2018 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 wants to increase its production by 20% while keeping labor input constant, what percentage increase in capital input is required?
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About This Question
This is Post Utme Afe Babalola University 2018 Commerce Question 31. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.
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