Post Utme Esut 2024 Economics Question 22
Practice objective / multiple choice question 22 from the 2024 Post Utme Esut Economics examination.
The production function for a firm is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the price of labor is ₦100 per unit, and the price of capital is ₦200 per unit, what is the minimum \cost of producing 16 units of output?
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About This Question
This is Post Utme Esut 2024 Economics Question 22. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.
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