Post Utme Skyline University 2025 Commerce Question 20
Practice objective / multiple choice question 20 from the 2025 Post Utme Skyline 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 increases labor by 20% and capital by 15%, what is the new level of output?
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This is Post Utme Skyline University 2025 Commerce Question 20. It is one of the objective questions from the 2025 Post Utme Skyline University Commerce examination.
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