Post Utme Coal City University 2018 Commerce Question 21
Practice objective / multiple choice question 21 from the 2018 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 units of labor, and K is the units of 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 Coal City University 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.
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