Post Utme Covenant University 2017 Commerce Question 24
Practice objective / multiple choice question 24 from the 2017 Post Utme Covenant 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 increases its labor input from 100 to 121 units and its capital input from 100 to 121 units, by how many percentage points will its quantity produced increase?
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About This Question
This is Post Utme Covenant University 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Covenant University Commerce examination.
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