Post Utme Rsu 2020 Commerce Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Rsu Commerce examination.

Post Utme Rsu 2020 Commerce Objective / Multiple Choice
Question 22 POST_UTME_RSU • 2020 • COMMERCE • objective

A company's production function is given by Q = 2L^0.5K^0.5. If the company wants to produce 400 units of output, and the wage rate is ₦100 per hour, what is the minimum cost of production?

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Rsu 2020 Commerce Question 22. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.

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