Post Utme Pan Atlantic University 2025 Commerce Question 30
Practice objective / multiple choice question 30 from the 2025 Post Utme Pan Atlantic University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the price of labor is ₦100 per unit, and the price of capital is ₦200 per unit, what is the minimum cost of production?
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About This Question
This is Post Utme Pan Atlantic University 2025 Commerce Question 30. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Commerce examination.
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