Post Utme Unn 2018 Economics Question 11
Practice objective / multiple choice question 11 from the 2018 Post Utme Unn Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where L is labor and K is capital. If the firm hires 16 units of labor and 9 units of capital, what is the opportunity \cost of hiring one more unit of labor?
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About This Question
This is Post Utme Unn 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.
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