Post Utme Esut 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Esut Economics examination.

Post Utme Esut 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_ESUT • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output is 100 units and the price of labor is ₦10 per unit, what is the minimum \cost of production?

Answer Options

Correct Answer A. ₦1000
B. ₦500
C. ₦2000
D. ₦2500
Correct Answer
A
Correct Option:
₦1000

About This Question

This is Post Utme Esut 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.

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