Post Utme Mountain Top University 2019 Commerce Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Mountain Top University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20% while keeping labor constant at 100 units, what percentage increase in capital is required?
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About This Question
This is Post Utme Mountain Top University 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Mountain Top University Commerce examination.
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