Post Utme Lasu 2017 Commerce Question 31
Practice objective / multiple choice question 31 from the 2017 Post Utme Lasu Commerce examination.
A firm'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 firm wants to increase its production by 20% while keeping labor input constant, what percentage increase in capital input is required?
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About This Question
This is Post Utme Lasu 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.
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