Post Utme Afe Babalola University 2020 Commerce Question 1
Practice objective / multiple choice question 1 from the 2020 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, by how many percentage points will its quantity produced increase?
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About This Question
This is Post Utme Afe Babalola University 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.
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