Post Utme Covenant University 2024 Commerce Question 34
Practice objective / multiple choice question 34 from the 2024 Post Utme Covenant University Commerce examination.
A company has a production function given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor input, and K is the capital input. If the company wants to produce 100 units of output, how many units of labor should it hire?
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This is Post Utme Covenant University 2024 Commerce Question 34. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.
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