Post Utme Nile University 2017 Commerce Question 35
Practice objective / multiple choice question 35 from the 2017 Post Utme Nile University Commerce examination.
A firm has a production function given by Q = 2L^0.5K^0.5. If the firm's output is 150 units and the wage rate is ₦70 per hour, what is the minimum amount of capital required to produce this output?
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About This Question
This is Post Utme Nile University 2017 Commerce Question 35. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.
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