Post Utme Elizade University 2025 Commerce Question 31
Practice objective / multiple choice question 31 from the 2025 Post Utme Elizade University Commerce examination.
A firm's production function is given by Q = 2L^0.4K^0.3, where Q is the output, L is the labor, and K is the capital. If the firm wants to increase its output by 20% while keeping the labor constant at 100 units, how much should it increase its capital?
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About This Question
This is Post Utme Elizade University 2025 Commerce Question 31. It is one of the objective questions from the 2025 Post Utme Elizade University Commerce examination.
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