Post Utme Lautech 2024 Commerce Question 20
Practice objective / multiple choice question 20 from the 2024 Post Utme Lautech Commerce examination.
A company has a production function Q = 3L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the company wants to increase its production by 30%, what percentage increase in labor input is required, assuming the capital input remains constant?
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About This Question
This is Post Utme Lautech 2024 Commerce Question 20. It is one of the objective questions from the 2024 Post Utme Lautech Commerce examination.
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