Post Utme Pan Atlantic University 2020 Commerce Question 16
Practice objective / multiple choice question 16 from the 2020 Post Utme Pan Atlantic University Commerce examination.
A company's production function is given by the Cobb-Douglas production function: Q = 10L^0.4K^0.6. If the company's labor and capital inputs are increased by 20% and 15% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Pan Atlantic University 2020 Commerce Question 16. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Commerce examination.
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