Post Utme Al Hikmah University 2019 Commerce Question 34
Practice objective / multiple choice question 34 from the 2019 Post Utme Al Hikmah University Commerce examination.
A company has a cost function C = 2L + 3K, where C is the total cost, L is the labor input, and K is the capital input. If the company wants to minimize its costs, what is the optimal combination of labor and capital inputs?
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This is Post Utme Al Hikmah University 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Commerce examination.
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