Post Utme Unilag 2020 Commerce Question 37
Practice objective / multiple choice question 37 from the 2020 Post Utme Unilag 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 labor increases from 100 to 121 and capital remains constant at 16, what is the percentage change in output?
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About This Question
This is Post Utme Unilag 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Unilag Commerce examination.
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