Post Utme Ims U 2022 Commerce Question 22
Practice objective / multiple choice question 22 from the 2022 Post Utme Ims U Commerce examination.
A firm's production function is given by Q = 2L^0.5 * K^0.5. If the firm's current output is 16 units and the wage rate is ₦100 per hour, what is the minimum amount of capital required to produce this output?
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This is Post Utme Ims U 2022 Commerce Question 22. It is one of the objective questions from the 2022 Post Utme Ims U Commerce examination.
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