Post Utme Ksu 2024 Commerce Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Ksu Commerce examination.

Post Utme Ksu 2024 Commerce Objective / Multiple Choice
Question 28 POST_UTME_KSU • 2024 • COMMERCE • objective

A firm has a production function Q = f(L, K) = 2L^0.5K^0.5. The firm's cost function is given by C(L, K) = 100L + 200K. If the firm produces 100 units of the product, what is the marginal cost of production?

Answer Options

Correct Answer A. ₦100
B. ₦200
C. ₦300
D. ₦400
Correct Answer
A
Correct Option:
₦100

About This Question

This is Post Utme Ksu 2024 Commerce Question 28. It is one of the objective questions from the 2024 Post Utme Ksu Commerce examination.

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