Post Utme Afe Babalola University 2024 Commerce Question 17
Practice objective / multiple choice question 17 from the 2024 Post Utme Afe Babalola University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor and K is capital. If the firm wants to increase its output by 20% and labor increases by 10%, what is the percentage increase in capital required?
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This is Post Utme Afe Babalola University 2024 Commerce Question 17. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Commerce examination.
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