Post Utme Abu 2023 Economics Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Abu Economics examination.

Post Utme Abu 2023 Economics Objective / Multiple Choice
Question 35 POST_UTME_ABU • 2023 • ECONOMICS • objective

A firm has a production function 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 capital?

Answer Options

Correct Answer A. 10 units
B. 20 units
C. 30 units
D. 40 units
Correct Answer
A
Correct Option:
10 units

About This Question

This is Post Utme Abu 2023 Economics Question 35. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.

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