The firm uses the following function to calculate the production out (PO) : PO = 5.3C2 L15, where C = capital invested and L = labour employed. If the capital invested (C) increases by 20 percent, the change in PO will be :

The firm uses the following function to calculate the production out (

1.	The firm uses the following function to calculate the production out (PO) : PO = 5.3C2 L15, where C = capital invested and L = labour employed. If the capital invested (C) increases by 20 percent, the change in PO will be :
A.	0% decrease
B.	2% increase
C.	4% increase
D.	6% increase
Answer» D. 6% increase

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The firm uses the following function to calculate the production out (PO) : PO = 5.3C2 L15, where C = capital invested and L = labour employed. If the capital invested (C) increases by 20 percent, the change in PO will be :

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