Post Utme Crawford University 2021 Commerce Question 1
Practice objective / multiple choice question 1 from the 2021 Post Utme Crawford University Commerce examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is the quantity produced, L is labor and H is capital. If the firm wants to increase its output by 20% and labor is increased by 10%, what percentage increase in capital is required?
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This is Post Utme Crawford University 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Crawford University Commerce examination.
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