Post Utme Coal City University 2017 Commerce Question 16
Practice objective / multiple choice question 16 from the 2017 Post Utme Coal City 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 Coal City University 2017 Commerce Question 16. It is one of the objective questions from the 2017 Post Utme Coal City University Commerce examination.
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