Post Utme Abu 2023 Economics Question 32
Practice objective / multiple choice question 32 from the 2023 Post Utme Abu Economics examination.
The production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \). If the price of labor is ₦100 and the price of capital is ₦200, what is the \cost-minimizing level of labor?
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About This Question
This is Post Utme Abu 2023 Economics Question 32. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.
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