Post Utme Unilorin 2019 Commerce Question 16
Practice objective / multiple choice question 16 from the 2019 Post Utme Unilorin Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the units of labor, and K is the units of capital. If the company increases labor by 20% and capital by 15%, what is the new production level?
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About This Question
This is Post Utme Unilorin 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Unilorin Commerce examination.
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