Post Utme Bells University 2018 General Studies Question 37
Practice objective / multiple choice question 37 from the 2018 Post Utme Bells University General Studies examination.
A firm has a production function of Q = 2L^0.4K^0.3. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and the firm is currently producing 100 units of output, what is the total cost of production?
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About This Question
This is Post Utme Bells University 2018 General Studies Question 37. It is one of the objective questions from the 2018 Post Utme Bells University General Studies examination.
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