Post Utme Mountain Top University 2022 Commerce Question 20
Practice objective / multiple choice question 20 from the 2022 Post Utme Mountain Top University Commerce examination.
A firm'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 firm increases its labor input from 100 to 121 units and its capital input from 100 to 121 units, by how many percentage points will the quantity produced increase?
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About This Question
This is Post Utme Mountain Top University 2022 Commerce Question 20. It is one of the objective questions from the 2022 Post Utme Mountain Top University Commerce examination.
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