Post Utme Joseph Ayo Babalola University 2017 Commerce Question 26
Practice objective / multiple choice question 26 from the 2017 Post Utme Joseph Ayo Babalola University 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 number of labor hours, and K is the capital invested. If the company wants to increase its production by 20% while keeping labor hours constant, what percentage increase in capital investment is required?
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This is Post Utme Joseph Ayo Babalola University 2017 Commerce Question 26. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.
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