Post Utme Futa 2020 Commerce Question 11
Practice objective / multiple choice question 11 from the 2020 Post Utme Futa Commerce examination.
A company's production function is given by the Cobb-Douglas production function: Q = 10L^0.4K^0.6. If the company's labor input increases by 20% and its capital input remains constant, what is the percentage change in output?
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This is Post Utme Futa 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Futa Commerce examination.
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