Post Utme Christopher University 2017 Commerce Question 21
Practice objective / multiple choice question 21 from the 2017 Post Utme Christopher University Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the company increases its labor input from 100 units to 121 units, and its capital input from 100 units to 121 units, by how many percentage points will its quantity produced increase?
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About This Question
This is Post Utme Christopher University 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.
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