Post Utme Covenant University 2023 Commerce Question 21
Practice objective / multiple choice question 21 from the 2023 Post Utme Covenant University Commerce examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm wants to increase output by 20% while keeping labor constant, how much should it increase capital?
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About This Question
This is Post Utme Covenant University 2023 Commerce Question 21. It is one of the objective questions from the 2023 Post Utme Covenant University Commerce examination.
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