Post Utme Afe Babalola University 2018 Commerce Question 17
Practice objective / multiple choice question 17 from the 2018 Post Utme Afe Babalola University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the price of labor is ₦100 per unit, while the price of capital is ₦200 per unit, what is the minimum cost of production?
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About This Question
This is Post Utme Afe Babalola University 2018 Commerce Question 17. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.
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