Post Utme Lasu 2019 Commerce Question 33
Practice objective / multiple choice question 33 from the 2019 Post Utme Lasu Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and it has a fixed cost of ₦10,000, what is the minimum cost of production?
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About This Question
This is Post Utme Lasu 2019 Commerce Question 33. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.
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