Post Utme Bsu 2022 Economics Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Bsu Economics examination.

Post Utme Bsu 2022 Economics Objective / Multiple Choice
Question 20 POST_UTME_BSU • 2022 • ECONOMICS • objective

A firm's production function is given by Q = 3L^0.5K^0.5. If the firm currently uses 100 units of labor and 50 units of capital, and the input prices are w = 10 and r = 20, calculate the firm's current total \cost.

Answer Options

A. ₦3000
B. ₦3500
Correct Answer C. ₦4000
D. ₦4500
Correct Answer
C
Correct Option:
₦4000

About This Question

This is Post Utme Bsu 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Bsu Economics examination.

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