Post Utme Abu 2017 Commerce Question 39
Practice objective / multiple choice question 39 from the 2017 Post Utme Abu Commerce examination.
A firm's cost function is given by C = 2L + 3H, where C is cost, L is labor and H is capital. If the firm wants to minimize cost while keeping labor constant at 16 units, what is the optimal level of capital?
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About This Question
This is Post Utme Abu 2017 Commerce Question 39. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.
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