Post Utme Futo 2017 Commerce Question 17
Practice objective / multiple choice question 17 from the 2017 Post Utme Futo Commerce examination.
A firm's production function is given by Q = 2L + 3K. If the price of labor is ₦50 per unit and the price of capital is ₦100 per unit, the opportunity cost of one unit of labor is
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About This Question
This is Post Utme Futo 2017 Commerce Question 17. It is one of the objective questions from the 2017 Post Utme Futo Commerce examination.
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