Post Utme Unilag 2022 Commerce Question 30
Practice objective / multiple choice question 30 from the 2022 Post Utme Unilag Commerce examination.
A firm has a production function given by the equation Q = 3L^(2)K, where Q is the quantity produced, L is labor, and K is capital. If the firm wants to increase its output by 25% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Unilag 2022 Commerce Question 30. It is one of the objective questions from the 2022 Post Utme Unilag Commerce examination.
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