Post Utme Oau 2021 Commerce Question 9
Practice objective / multiple choice question 9 from the 2021 Post Utme Oau Commerce examination.
A company has a production function given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the amount of labor used, and K is the amount of capital used. If the company has 100 units of labor and 50 units of capital, how much should it produce to minimize cost?
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About This Question
This is Post Utme Oau 2021 Commerce Question 9. It is one of the objective questions from the 2021 Post Utme Oau Commerce examination.
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