Post Utme Futo 2018 Economics Question 19
Practice objective / multiple choice question 19 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?
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About This Question
This is Post Utme Futo 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.
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