Post Utme Mountain Top University 2021 Economics Question 17
Practice objective / multiple choice question 17 from the 2021 Post Utme Mountain Top University Economics examination.
A firm is producing a good with a production function of Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and the firm is currently producing 100 units of output, what is the opportunity \cost of producing one more unit of output?
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About This Question
This is Post Utme Mountain Top University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Mountain Top University Economics examination.
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