Post Utme Greenfield University 2025 Commerce Question 27
Practice objective / multiple choice question 27 from the 2025 Post Utme Greenfield University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the wage rate is ₦100 per hour, and the rental rate is ₦50 per unit of capital, what is the minimum cost of production?
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About This Question
This is Post Utme Greenfield University 2025 Commerce Question 27. It is one of the objective questions from the 2025 Post Utme Greenfield University Commerce examination.
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