Post Utme Unn 2020 Commerce Question 6
Practice objective / multiple choice question 6 from the 2020 Post Utme Unn Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor and K is capital. If the firm wants to increase its output by 20% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Unn 2020 Commerce Question 6. It is one of the objective questions from the 2020 Post Utme Unn Commerce examination.
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