Post Utme Ims U 2019 Commerce Question 11
Practice objective / multiple choice question 11 from the 2019 Post Utme Ims U Commerce examination.
A company's production function is given by the Cobb-Douglas production function: Q = 10L^0.4K^0.6, where Q is the output, L is labor, and K is capital. If the company wants to increase its 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 Ims U 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Ims U Commerce examination.
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