Post Utme Elizade University 2020 Commerce Question 30
Practice objective / multiple choice question 30 from the 2020 Post Utme Elizade University Commerce examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase its output by 20% while keeping capital constant at 100 units, how much labor (L) is required?
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About This Question
This is Post Utme Elizade University 2020 Commerce Question 30. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.
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