Post Utme Igbinedion University 2025 Commerce Question 11
Practice objective / multiple choice question 11 from the 2025 Post Utme Igbinedion University Commerce examination.
A firm specializes in producing a single product, which is a type of commodity. The firm's production function is given by the equation ( Q = 10L^0.5K^0.5 ), where Q is the quantity produced, L is the units of labor, and K is the units of capital. If the firm wants to produce 100 units of the commodity, and it has 4 units of labor and 9 units of capital available, what is the minimum amount of capital it must have to produce 100 units?
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This is Post Utme Igbinedion University 2025 Commerce Question 11. It is one of the objective questions from the 2025 Post Utme Igbinedion University Commerce examination.
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