Post Utme Afe Babalola University 2023 Commerce Question 7
Practice objective / multiple choice question 7 from the 2023 Post Utme Afe Babalola University Commerce examination.
A firm's production function is given by the equation Q = 2L^0.5 * K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to produce 100 units of output, and it has 4 units of labor and 9 units of capital, what is the minimum amount of capital it needs to produce 100 units of output?
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This is Post Utme Afe Babalola University 2023 Commerce Question 7. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Commerce examination.
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