Post Utme Igbinedion University 2025 Commerce Question 20
Practice objective / multiple choice question 20 from the 2025 Post Utme Igbinedion University Commerce examination.
A firm's production function is given by the equation: ( Q = 10K^{ rac{1}{2}}L^{ rac{1}{2}} ), where Q is the quantity produced, K is the capital stock, and L is the labor force. If the firm's capital stock increases by 20% and the labor force remains constant, what is the percentage change in the quantity produced?
Answer Options
About This Question
This is Post Utme Igbinedion University 2025 Commerce Question 20. It is one of the objective questions from the 2025 Post Utme Igbinedion University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.