Post Utme Abu 2025 Commerce Question 22
Practice objective / multiple choice question 22 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 400 units of output, and the price of labor is ₦50 per unit, and the price of capital is ₦100 per unit, what is the minimum cost of production?
Answer Options
About This Question
This is Post Utme Abu 2025 Commerce Question 22. It is one of the objective questions from the 2025 Post Utme Abu Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.