Post Utme Aaua 2019 Commerce Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Aaua Commerce examination.
A firm wants to minimize its total cost of production, which is given by TC = 100L + 200K. If the firm's current input prices are L = ₦100 and K = ₦200, and it wants to produce 100 units of output, what should be the optimal input combination?
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About This Question
This is Post Utme Aaua 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.
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