MCQ Practice

The firm uses the following function to calculate the production out (PO) : PO = 5.3C 2 L 15 , where C = capital invested and L = labour employed. If the capital invested (C) increases by 20 percent, the change in PO will be :

Subject: MathematicsTopic: Percentage
A

20% decrease

B

32% increase

C

44% increase

D

56% increase

Correct Answer: C