Post Utme Rsu 2019 Commerce Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Rsu Commerce examination.
A company has a production function given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the company wants to produce 16 units of output, and the wage rate is ₦100 per unit of labor, and the rental rate is ₦200 per unit of capital, how much should the company spend on labor?
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About This Question
This is Post Utme Rsu 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Rsu Commerce examination.
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