Post Utme Caleb University 2024 Commerce Question 8
Practice objective / multiple choice question 8 from the 2024 Post Utme Caleb University Commerce examination.
A firm has a production function given by Q = 2L + 3K, 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 8. It is one of the objective questions from the 2024 Post Utme Caleb University Commerce examination.
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