Post Utme Unilorin 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 10L^0.5K^0.5. If the firm's \cost function is C = 100L + 200K, what is the minimum \cost of production?

Answer Options

A. $500
B. $600
Correct Answer C. $700
D. $800
Correct Answer
C
Correct Option:
$700

About This Question

This is Post Utme Unilorin 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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