Post Utme Lead City University 2022 Commerce Question 8
Practice objective / multiple choice question 8 from the 2022 Post Utme Lead City University Commerce examination.
A company'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 company increases its labor input from 100 to 121 units, and its capital input from 100 to 121 units, what is the new quantity produced?
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About This Question
This is Post Utme Lead City University 2022 Commerce Question 8. It is one of the objective questions from the 2022 Post Utme Lead City University Commerce examination.
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