Post Utme Delsu 2025 Commerce Question 20
Practice objective / multiple choice question 20 from the 2025 Post Utme Delsu Commerce examination.
A company has a production function 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 the company wants to produce 16 units of output, what is the minimum cost of production?
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About This Question
This is Post Utme Delsu 2025 Commerce Question 20. It is one of the objective questions from the 2025 Post Utme Delsu Commerce examination.
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