Post Utme Unilorin 2017 Economics Question 29
Practice objective / multiple choice question 29 from the 2017 Post Utme Unilorin Economics examination.
A firm is producing a good with the following production function: Q = 2L^2 + 3K^2, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm wants to produce 100 units of the good, and the price of labor is $10 per unit and the price of capital is $20 per unit, what is the total \cost of production?
Answer Options
About This Question
This is Post Utme Unilorin 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.