Post Utme Esut 2017 Commerce Question 39
Practice objective / multiple choice question 39 from the 2017 Post Utme Esut Commerce examination.
A firm produces two products, A and B. The production function for product A is Q_A = 2L^0.5H^0.5, where Q_A is output, L is labor, and H is capital. The production function for product B is Q_B = 3L^0.5H^0.5, where Q_B is output, L is labor, and H is capital. If the firm wants to increase output of product A by 20% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Esut 2017 Commerce Question 39. It is one of the objective questions from the 2017 Post Utme Esut Commerce examination.
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