Post Utme Veritas University 2020 Commerce Question 9
Practice objective / multiple choice question 9 from the 2020 Post Utme Veritas University Commerce examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm increases its labor input from 100 units to 121 units, and its capital input from 100 units to 121 units, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Veritas University 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Veritas University Commerce examination.
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