Post Utme Covenant University 2023 Economics Question 14
Practice objective / multiple choice question 14 from the 2023 Post Utme Covenant University Economics examination.
A firm has a production function of Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, what is the \cost-minimizing level of labor?
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About This Question
This is Post Utme Covenant University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.
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