Post Utme Aaua 2024 Commerce Question 18
Practice objective / multiple choice question 18 from the 2024 Post Utme Aaua Commerce examination.
A firm has the following cost function: C = 2L^2 + 5K. If the price of labor is ₦50 per unit and the price of capital is ₦100 per unit, and the firm wants to minimize its cost, what is the optimal level of labor?
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This is Post Utme Aaua 2024 Commerce Question 18. It is one of the objective questions from the 2024 Post Utme Aaua Commerce examination.
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