Post Utme Lautech 2020 Commerce Question 11
Practice objective / multiple choice question 11 from the 2020 Post Utme Lautech Commerce examination.
A firm specializes in producing a single product, which is a type of commodity. The firm's production function is given by Q = 100L^0.5, where Q is the quantity produced and L is the labor input. If the firm's labor input increases by 25%, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Lautech 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.
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