Post Utme Futo 2023 Commerce Question 31
Practice objective / multiple choice question 31 from the 2023 Post Utme Futo Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the company increases labor from 100 units to 121 units, and capital from 100 units to 121 units, by how many percentage points will output increase?
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About This Question
This is Post Utme Futo 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Futo Commerce examination.
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