Post Utme Christopher University 2018 Commerce Question 17
Practice objective / multiple choice question 17 from the 2018 Post Utme Christopher University Commerce examination.
A company's production function is given by the equation Q = 2L^(1/2)K^(1/2), where Q is the quantity produced, L is the labor input, and K is the capital input. If the company wants to increase its output by 20% while keeping the labor input constant at 16 units, what percentage increase in capital input is required?
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About This Question
This is Post Utme Christopher University 2018 Commerce Question 17. It is one of the objective questions from the 2018 Post Utme Christopher University Commerce examination.
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