Post Utme Elizade University 2017 Commerce Question 5
Practice objective / multiple choice question 5 from the 2017 Post Utme Elizade University Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.5. If the company increases its labor input by 20% and capital input by 15%, by what percentage will the quantity produced increase?
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About This Question
This is Post Utme Elizade University 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Elizade University Commerce examination.
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