Post Utme Covenant University 2023 Commerce Question 1
Practice objective / multiple choice question 1 from the 2023 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 labor input from 100 to 121 units and capital input from 100 to 121 units, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Covenant University 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Covenant University Commerce examination.
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