Post Utme Unilorin 2022 Commerce Question 24
Practice objective / multiple choice question 24 from the 2022 Post Utme Unilorin Commerce examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is the quantity produced, L is the number of labor hours, and H is the number of hours of capital used. If the firm wants to increase its production by 20% while keeping the labor hours constant at 100, how many more hours of capital should it use?
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About This Question
This is Post Utme Unilorin 2022 Commerce Question 24. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce examination.
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