Post Utme Skyline University 2017 Commerce Question 11
Practice objective / multiple choice question 11 from the 2017 Post Utme Skyline University Commerce examination.
A company's production function is given by the Cobb-Douglas production function: Q = 100K^(1/3)L^(2/3), where Q is the quantity produced, K is the capital and L is the labor. If the company wants to increase the quantity produced by 20% while keeping the capital and labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Skyline University 2017 Commerce Question 11. It is one of the objective questions from the 2017 Post Utme Skyline University Commerce examination.
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