Post Utme Lautech 2018 Commerce Question 2
Practice objective / multiple choice question 2 from the 2018 Post Utme Lautech Commerce examination.
A company has a production function Q = 2L^0.4K^0.6, where Q is output, L is labor, and K is capital. If labor increases by 10% and capital remains constant, what is the percentage change in output?
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About This Question
This is Post Utme Lautech 2018 Commerce Question 2. It is one of the objective questions from the 2018 Post Utme Lautech Commerce examination.
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