Post Utme Coal City University 2018 Commerce Question 37
Practice objective / multiple choice question 37 from the 2018 Post Utme Coal City University Commerce examination.
A firm's production function is given by Q = 2L^0.5 + 3K^0.5, where Q is the quantity produced, L is labor and K is capital. If the firm wants to increase its output by 20%, what percentage increase in labor and capital is required?
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About This Question
This is Post Utme Coal City University 2018 Commerce Question 37. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.
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