Post Utme Futo 2021 Commerce Question 36
Practice objective / multiple choice question 36 from the 2021 Post Utme Futo Commerce examination.
A firm's production function is given by Q = 100K^(1/2)L^(1/2), where Q is output, K is capital, and L is labor. If the firm's capital is increased by 25% and labor is increased by 10%, what is the new production level?
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About This Question
This is Post Utme Futo 2021 Commerce Question 36. It is one of the objective questions from the 2021 Post Utme Futo Commerce examination.
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