Post Utme Aaua 2019 Economics Question 34
Practice objective / multiple choice question 34 from the 2019 Post Utme Aaua Economics examination.
A firm is producing a good u\sing two inputs, labor and capital. The production function is given by Q = 2L^0.5K^0.5, where Q is the quantity of the good produced, L is the amount of labor used, and K is the amount of capital used. The firm's \cost function is given by C = 100L + 200K. If the firm is currently u\sing 100 units of labor and 200 units of capital, what is the firm's total \cost?
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About This Question
This is Post Utme Aaua 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Aaua Economics examination.
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