Post Utme Futo 2018 Economics Question 17
Practice objective / multiple choice question 17 from the 2018 Post Utme Futo Economics examination.
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 ₦500 per unit, what is the opportunity \cost of one unit of labor?
Answer Options
About This Question
This is Post Utme Futo 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.