Post Utme Lead City University 2019 Commerce Question 47
Practice objective / multiple choice question 47 from the 2019 Post Utme Lead City University Commerce examination.
A firm has a production function given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Lead City University 2019 Commerce Question 47. It is one of the objective questions from the 2019 Post Utme Lead City University Commerce examination.
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