Post Utme Christopher University 2017 Commerce Question 15
Practice objective / multiple choice question 15 from the 2017 Post Utme Christopher University Commerce examination.
A company's production function is given by Q = 2L^0.5 + 3K^0.5, where Q is output, L is labor and K is capital. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the resulting percentage change in output?
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About This Question
This is Post Utme Christopher University 2017 Commerce Question 15. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.
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