Post Utme Caleb University 2024 Commerce Question 6
Practice objective / multiple choice question 6 from the 2024 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?
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This is Post Utme Caleb University 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Caleb University Commerce examination.
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