Post Utme Uniport 2025 Economics Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice

Question 26 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's \cost of labor is ₦100 per unit and the \cost of capital is ₦200 per unit, calculate the firm's total \cost function.

Answer Options

Correct Answer A. TC(L,K) = 100L + 200K

B. TC(L,K) = 200L + 100K

C. TC(L,K) = 300L + 400K

D. TC(L,K) = 400L + 300K

Correct Answer

Correct Option:

TC(L,K) = 100L + 200K

About This Question

This is Post Utme Uniport 2025 Economics Question 26. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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