Post Utme Futa 2024 Commerce Question 37
Practice objective / multiple choice question 37 from the 2024 Post Utme Futa Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20% while keeping labor constant at 16 units, how much capital should it invest?
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About This Question
This is Post Utme Futa 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.
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