Post Utme Uniport 2025 Commerce Question 32
Practice objective / multiple choice question 32 from the 2025 Post Utme Uniport Commerce examination.
A company has a production function given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the number of labor hours, and K is the amount of capital invested. If the company wants to produce 100 units of output, and the cost of labor is ₦100 per hour, while the cost of capital is ₦200 per unit, what is the minimum cost of production?
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About This Question
This is Post Utme Uniport 2025 Commerce Question 32. It is one of the objective questions from the 2025 Post Utme Uniport Commerce examination.
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