Post Utme Noun 2021 Commerce Question 29
Practice objective / multiple choice question 29 from the 2021 Post Utme Noun Commerce examination.
A company has a production function given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the number of labor hours, and K is the amount of capital. If the company increases the number of labor hours from 100 to 200, and the amount of capital from 100 to 200, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Noun 2021 Commerce Question 29. It is one of the objective questions from the 2021 Post Utme Noun Commerce examination.
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