Post Utme Wellspring University 2025 Commerce Question 6
Practice objective / multiple choice question 6 from the 2025 Post Utme Wellspring University Commerce examination.
A company has a production function 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 company increases its labor input from 100 to 121 units and its capital input from 100 to 121 units, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Wellspring University 2025 Commerce Question 6. It is one of the objective questions from the 2025 Post Utme Wellspring University Commerce examination.
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