Post Utme Noun 2021 Economics Question 24
Practice objective / multiple choice question 24 from the 2021 Post Utme Noun Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, what is the total \cost of producing 100 units of output?
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About This Question
This is Post Utme Noun 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.
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