Post Utme Lead City University 2023 Commerce Question 31
Practice objective / multiple choice question 31 from the 2023 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, by how many percentage points will its quantity produced increase?
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About This Question
This is Post Utme Lead City University 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Lead City University Commerce examination.
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