Post Utme Noun 2021 Commerce Question 35
Practice objective / multiple choice question 35 from the 2021 Post Utme Noun Commerce examination.
A firm's revenue function is given by R = 2L^0.5H^0.5, where R is revenue, L is labor, and H is capital. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the percentage change in revenue?
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About This Question
This is Post Utme Noun 2021 Commerce Question 35. It is one of the objective questions from the 2021 Post Utme Noun Commerce examination.
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