Post Utme Crawford University 2017 Commerce Question 11
Practice objective / multiple choice question 11 from the 2017 Post Utme Crawford University Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Crawford University 2017 Commerce Question 11. It is one of the objective questions from the 2017 Post Utme Crawford University Commerce examination.
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