Post Utme Crawford University 2024 Economics Question 32
Practice objective / multiple choice question 32 from the 2024 Post Utme Crawford University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm is currently producing 16 units of output, then the opportunity \cost of producing one more unit of output is
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About This Question
This is Post Utme Crawford University 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.
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