Post Utme Noun 2025 Economics Question 16
Practice objective / multiple choice question 16 from the 2025 Post Utme Noun Economics examination.
Consider a country with a production function given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the country's labor and capital are fixed at 100 units each, calculate the opportunity \cost of increa\sing output by 10 units.
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About This Question
This is Post Utme Noun 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Noun Economics examination.
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