Post Utme Ui 2021 Commerce Question 22
Practice objective / multiple choice question 22 from the 2021 Post Utme Ui Commerce examination.
A company's production function is given by Q = 100L^0.5K^0.25. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the company wants to produce 100 units of output, what is the minimum cost of production?
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About This Question
This is Post Utme Ui 2021 Commerce Question 22. It is one of the objective questions from the 2021 Post Utme Ui Commerce examination.
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