Post Utme Igbinedion University 2017 Commerce Question 35
Practice objective / multiple choice question 35 from the 2017 Post Utme Igbinedion University Commerce examination.
A firm has a production function given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Igbinedion University 2017 Commerce Question 35. It is one of the objective questions from the 2017 Post Utme Igbinedion University Commerce examination.
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