Post Utme Rhema University 2018 Commerce Question 17
Practice objective / multiple choice question 17 from the 2018 Post Utme Rhema University Commerce examination.
A company's production function is given by Q = 2L^0.5K^0.5. If the company wants to produce 16 units of output, and the wage rate is 10 per hour, and the rental rate is 20 per unit of capital, what is the minimum cost of production?
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About This Question
This is Post Utme Rhema University 2018 Commerce Question 17. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.
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