Post Utme Summit University 2019 Commerce Question 15
Practice objective / multiple choice question 15 from the 2019 Post Utme Summit University Commerce examination.
A company has a production function Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the company increases labor from 100 to 121 units and capital from 100 to 121 units, what is the percentage change in output?
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About This Question
This is Post Utme Summit University 2019 Commerce Question 15. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.
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