Post Utme Oau 2020 Commerce Question 14
Practice objective / multiple choice question 14 from the 2020 Post Utme Oau Commerce examination.
A company has a production function Q = 2L^0.5H^0.5, where Q is output, L is labor and H is capital. If the company wants to increase output by 20% and labor by 15%, what percentage increase in capital is required?
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About This Question
This is Post Utme Oau 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.
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