Post Utme Coal City University 2021 Commerce Question 31
Practice objective / multiple choice question 31 from the 2021 Post Utme Coal City University Commerce examination.
A company's production function is given by Q = 100K^(1/2)L^(1/2), where Q is the quantity produced, K is the capital stock, and L is the labor force. If the capital stock increases by 25% and the labor force remains constant, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Coal City University 2021 Commerce Question 31. It is one of the objective questions from the 2021 Post Utme Coal City University Commerce examination.
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