Post Utme Rsu 2017 Commerce Question 25
Practice objective / multiple choice question 25 from the 2017 Post Utme Rsu Commerce examination.
A company has the following production function: Q = 2L^0.5K^0.5. If the price of labor is 4 per unit, and the price of capital is 2 per unit, what is the minimum cost of production if the firm wants to produce 16 units of output?
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This is Post Utme Rsu 2017 Commerce Question 25. It is one of the objective questions from the 2017 Post Utme Rsu Commerce examination.
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