Post Utme Bowen University 2017 Commerce Question 40
Practice objective / multiple choice question 40 from the 2017 Post Utme Bowen 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 units to 121 units and its capital input from 100 units to 121 units, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Bowen University 2017 Commerce Question 40. It is one of the objective questions from the 2017 Post Utme Bowen University Commerce examination.
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