Post Utme Afe Babalola University 2025 Commerce Question 21
Practice objective / multiple choice question 21 from the 2025 Post Utme Afe Babalola University Commerce examination.
A company's production function is given by the Cobb-Douglas production function: Q = 10L^0.4K^0.6, where Q is the quantity produced, L is labor, and K is capital. If the company wants to increase its production by 20% while keeping labor constant, what percentage increase in capital is required?
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This is Post Utme Afe Babalola University 2025 Commerce Question 21. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Commerce examination.
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