Post Utme Coal City University 2018 Commerce Question 31
Practice objective / multiple choice question 31 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 labor input, and K is the capital input. If the company wants to increase its production by 20% while keeping the labor input constant, by what percentage should it increase its capital input?
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About This Question
This is Post Utme Coal City University 2018 Commerce Question 31. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.
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