Post Utme Coal City University 2022 Economics Question 26
Practice objective / multiple choice question 26 from the 2022 Post Utme Coal City University Economics examination.
A firm faces a production function given by Q = 100K^0.5L^0.5. If the price of K is ₦100 per unit and the price of L is ₦50 per unit, and if the firm produces 100 units of output, what is the opportunity \cost of one more unit of output?
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About This Question
This is Post Utme Coal City University 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Coal City University Economics examination.
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