Post Utme Aaua 2020 Economics Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Aaua Economics examination.

Post Utme Aaua 2020 Economics Objective / Multiple Choice
Question 22 POST_UTME_AAUA • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output is 100 units and the price of labor is ₦10 per unit, what is the minimum \cost of production?

Answer Options

A. ₦1000
Correct Answer B. ₦2000
C. ₦3000
D. ₦4000
Correct Answer
B
Correct Option:
₦2000

About This Question

This is Post Utme Aaua 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Aaua Economics examination.

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