Post Utme Skyline University 2019 Commerce Question 40
Practice objective / multiple choice question 40 from the 2019 Post Utme Skyline University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm wants to produce 100 units of output, and it has 100 units of labor and 80 units of capital, what is the opportunity cost of using labor instead of capital?
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About This Question
This is Post Utme Skyline University 2019 Commerce Question 40. It is one of the objective questions from the 2019 Post Utme Skyline University Commerce examination.
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