Post Utme Futa 2021 Commerce Question 17
Practice objective / multiple choice question 17 from the 2021 Post Utme Futa Commerce examination.
A firm produces two goods, A and B, using two inputs, labor and capital. The production functions are given by Q_A = 2L^0.5K^0.5 and Q_B = 3L^0.5K^0.5. If the firm increases its labor input from 100 to 121 units, and its capital input from 100 to 121 units, by how much will the quantity of good A produced increase?
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About This Question
This is Post Utme Futa 2021 Commerce Question 17. It is one of the objective questions from the 2021 Post Utme Futa Commerce examination.
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