Post Utme Unn 2025 Economics Question 6
Practice objective / multiple choice question 6 from the 2025 Post Utme Unn Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, calculate the total \cost of producing 100 units of output, given that the firm uses 4 units of labor and 9 units of capital.
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This is Post Utme Unn 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Unn Economics examination.
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