Post Utme Pan Atlantic University 2023 Commerce Question 27
Practice objective / multiple choice question 27 from the 2023 Post Utme Pan Atlantic University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Pan Atlantic University 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Commerce examination.
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