Post Utme Noun 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 24 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A firm's production function is given by q = 2K^0.5L^0.5. If the firm wants to produce 100 units, what is the minimum \cost of production?

Answer Options

A. ₦500
B. ₦1000
C. ₦1500
Correct Answer D. ₦2000
Correct Answer
D
Correct Option:
₦2000

About This Question

This is Post Utme Noun 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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