Post Utme Oau 2024 Commerce Question 7
Practice objective / multiple choice question 7 from the 2024 Post Utme Oau Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.25. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and the company wants to produce 100 units of output, how much will it spend on labor and capital?
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About This Question
This is Post Utme Oau 2024 Commerce Question 7. It is one of the objective questions from the 2024 Post Utme Oau Commerce examination.
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