Post Utme Abu 2025 Commerce Question 17
Practice objective / multiple choice question 17 from the 2025 Post Utme Abu Commerce examination.
A company's production function is given by Q = 2L^0.5K^0.5. If the company wants to produce 100 units of output, and the cost of labor is ₦50 per unit, while the cost of capital is ₦30 per unit, how much should it spend on labor and capital respectively?
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About This Question
This is Post Utme Abu 2025 Commerce Question 17. It is one of the objective questions from the 2025 Post Utme Abu Commerce examination.
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