Post Utme Covenant University 2023 Commerce Question 11
Practice objective / multiple choice question 11 from the 2023 Post Utme Covenant University Commerce examination.
A company has a production function 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 wants to increase its production by 20% while keeping labor input constant, what percentage increase in capital input is required?
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About This Question
This is Post Utme Covenant University 2023 Commerce Question 11. It is one of the objective questions from the 2023 Post Utme Covenant University Commerce examination.
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