Post Utme Delsu 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice
Question 33 POST_UTME_DELSU • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current production level is 100 units, and the price of labor is $10 per unit, while the price of capital is $20 per unit, what is the firm's total \cost of production?

Answer Options

A. $1,000
B. $2,000
Correct Answer C. $3,000
D. $4,000
Correct Answer
C
Correct Option:
$3,000

About This Question

This is Post Utme Delsu 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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