Post Utme Covenant University 2021 Commerce Question 20
Practice objective / multiple choice question 20 from the 2021 Post Utme Covenant University Commerce examination.
A company'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 company increases its labor input from 100 units to 121 units, and its capital input from 100 units to 121 units, by how many percentage points will the quantity produced increase?
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About This Question
This is Post Utme Covenant University 2021 Commerce Question 20. It is one of the objective questions from the 2021 Post Utme Covenant University Commerce examination.
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