Post Utme Coal City University 2021 Commerce Question 35
Practice objective / multiple choice question 35 from the 2021 Post Utme Coal City University Commerce examination.
A firm'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 labor force increases by 25% and the capital stock 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 35. It is one of the objective questions from the 2021 Post Utme Coal City University Commerce examination.
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