Post Utme Greenfield University 2025 Economics Question 16
Practice objective / multiple choice question 16 from the 2025 Post Utme Greenfield University Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, calculate the opportunity \cost of one additional unit of labor in terms of capital.
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About This Question
This is Post Utme Greenfield University 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Greenfield University Economics examination.
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