Post Utme Oau 2019 Commerce Question 22
Practice objective / multiple choice question 22 from the 2019 Post Utme Oau Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current output is 16 units and the wage rate is 10 per hour, what is the minimum number of workers the firm must hire to produce this output?
Answer Options
About This Question
This is Post Utme Oau 2019 Commerce Question 22. It is one of the objective questions from the 2019 Post Utme Oau Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.