Post Utme Osustech 2023 Commerce Question 26
Practice objective / multiple choice question 26 from the 2023 Post Utme Osustech Commerce examination.
A company'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 company 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?
Answer Options
About This Question
This is Post Utme Osustech 2023 Commerce Question 26. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.