Post Utme Ksu 2024 Commerce Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Ksu Commerce examination.

Post Utme Ksu 2024 Commerce Objective / Multiple Choice
Question 30 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 total cost of production?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Ksu 2024 Commerce Question 30. It is one of the objective questions from the 2024 Post Utme Ksu Commerce examination.

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