Post Utme Nile University 2023 Economics Question 10
Practice objective / multiple choice question 10 from the 2023 Post Utme Nile University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, calculate the total revenue of producing 16 units of output.
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About This Question
This is Post Utme Nile University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.
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