Post Utme Summit University 2018 Economics Question 24
Practice objective / multiple choice question 24 from the 2018 Post Utme Summit University Economics examination.
A firm is producing a good with a production function Q = 2L^0.5K^0.5. If the firm's output is 100 units and the price of labor is ₦10 per unit, what is the minimum \cost of production?
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About This Question
This is Post Utme Summit University 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.
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