Post Utme Osustech 2024 Economics Question 14
Practice objective / multiple choice question 14 from the 2024 Post Utme Osustech Economics examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm's current labor and capital inputs are L = 4 and H = 9, respectively, what is the opportunity \cost of increa\sing labor by 1 unit?
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About This Question
This is Post Utme Osustech 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.
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