Post Utme Caleb University 2018 Commerce Question 11
Practice objective / multiple choice question 11 from the 2018 Post Utme Caleb 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 labor increases by 20% and capital remains constant, what is the percentage change in output?
Answer Options
About This Question
This is Post Utme Caleb University 2018 Commerce Question 11. It is one of the objective questions from the 2018 Post Utme Caleb 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.