Post Utme Caleb University 2018 Commerce Question 15
Practice objective / multiple choice question 15 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 capital increases by 20% and labor remains constant, what is the percentage change in output?
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About This Question
This is Post Utme Caleb University 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Caleb University Commerce examination.
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