Post Utme Summit University 2017 Commerce Question 7
Practice objective / multiple choice question 7 from the 2017 Post Utme Summit University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current output is 16 units and the wage rate is ₦100 per hour, what is the minimum amount of capital it must have to produce 16 units of output?
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About This Question
This is Post Utme Summit University 2017 Commerce Question 7. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.
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