Post Utme Christopher University 2021 Commerce Question 21
Practice objective / multiple choice question 21 from the 2021 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 labor, and K is capital. If the company wants to increase its production by 20% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Christopher University 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Christopher University Commerce examination.
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