Post Utme Igbinedion University 2020 Commerce Question 15
Practice objective / multiple choice question 15 from the 2020 Post Utme Igbinedion University Commerce examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm increases its labor input from 100 to 121 units, and its capital input from 100 to 121 units, what is the new quantity produced?
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About This Question
This is Post Utme Igbinedion University 2020 Commerce Question 15. It is one of the objective questions from the 2020 Post Utme Igbinedion University Commerce examination.
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