Post Utme Coal City University 2018 Commerce Question 34
Practice objective / multiple choice question 34 from the 2018 Post Utme Coal City University Commerce examination.
A firm'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 firm 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 34. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.
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