Post Utme Summit University 2025 Economics Question 10
Practice objective / multiple choice question 10 from the 2025 Post Utme Summit University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output is 100 units, and the price of labor is ₦50 per unit, and the price of capital is ₦100 per unit, what is the minimum \cost of production?
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About This Question
This is Post Utme Summit University 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.
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