Post Utme Futa 2021 Commerce Question 16
Practice objective / multiple choice question 16 from the 2021 Post Utme Futa Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the company increases its labor input from 100 to 121 units, and its capital input from 100 to 121 units, by how much will the quantity produced increase?
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About This Question
This is Post Utme Futa 2021 Commerce Question 16. It is one of the objective questions from the 2021 Post Utme Futa Commerce examination.
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