Post Utme Igbinedion University 2023 Commerce Question 37
Practice objective / multiple choice question 37 from the 2023 Post Utme Igbinedion University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If labor and capital are increased by 20% and 15% respectively, what is the percentage change in output?
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This is Post Utme Igbinedion University 2023 Commerce Question 37. It is one of the objective questions from the 2023 Post Utme Igbinedion University Commerce examination.
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