Post Utme Ims U 2018 Commerce Question 36
Practice objective / multiple choice question 36 from the 2018 Post Utme Ims U Commerce examination.
A company'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 company increases its labor input from 100 units to 121 units and its capital input from 100 units to 121 units, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Ims U 2018 Commerce Question 36. It is one of the objective questions from the 2018 Post Utme Ims U Commerce examination.
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