Post Utme Rsu 2017 Commerce Question 22
Practice objective / multiple choice question 22 from the 2017 Post Utme Rsu 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 4 per unit, and the price of capital is 2 per unit, what is the minimum cost of production?
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This is Post Utme Rsu 2017 Commerce Question 22. It is one of the objective questions from the 2017 Post Utme Rsu Commerce examination.
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