Post Utme Summit University 2022 Commerce Question 22
Practice objective / multiple choice question 22 from the 2022 Post Utme Summit University Commerce examination.
A company's production function is given by Q = 2L^0.5K^0.5. If the company wants to produce 16 units of output, and the wage rate is ₦100 per hour, what is the minimum amount of capital it needs to hire?
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About This Question
This is Post Utme Summit University 2022 Commerce Question 22. It is one of the objective questions from the 2022 Post Utme Summit University Commerce examination.
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