Post Utme Redeemers University 2018 Commerce Question 27
Practice objective / multiple choice question 27 from the 2018 Post Utme Redeemers University Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the company wants to increase output by 10% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Redeemers University 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Redeemers University Commerce examination.
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