Post Utme Bells University 2017 Commerce Question 31
Practice objective / multiple choice question 31 from the 2017 Post Utme Bells 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 from 100 to 121 units and capital from 100 to 121 units, what is the percentage change in output?
Answer Options
About This Question
This is Post Utme Bells University 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Bells University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.