Post Utme Elizade University 2022 Commerce Question 39
Practice objective / multiple choice question 39 from the 2022 Post Utme Elizade University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's capital input is increased by 20% and the labor input remains constant, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Elizade University 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Elizade University Commerce examination.
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