Post Utme Pan Atlantic University 2021 Commerce Question 17
Practice objective / multiple choice question 17 from the 2021 Post Utme Pan Atlantic University Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor and K is capital. If the firm wants to produce 16 units of output, and the wage rate is ₦100 per unit of labor, and the rental rate of capital is ₦200 per unit of capital, then the total cost of production is
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About This Question
This is Post Utme Pan Atlantic University 2021 Commerce Question 17. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Commerce examination.
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