Post Utme Igbinedion University 2017 Commerce Question 19
Practice objective / multiple choice question 19 from the 2017 Post Utme Igbinedion University Commerce examination.
A company's production function is given by Q = 200L^0.7K^0.3, where Q is the quantity produced, L is the labor, and K is the capital. If the company wants to increase its production by 15% while keeping labor constant at 150 units, what percentage increase in capital is required?
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About This Question
This is Post Utme Igbinedion University 2017 Commerce Question 19. It is one of the objective questions from the 2017 Post Utme Igbinedion University Commerce examination.
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