Post Utme Afe Babalola University 2019 Commerce Question 36
Practice objective / multiple choice question 36 from the 2019 Post Utme Afe Babalola University Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor and K is capital. If the company increases labor by 25% and capital by 20%, what is the percentage change in output?
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About This Question
This is Post Utme Afe Babalola University 2019 Commerce Question 36. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Commerce examination.
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