Post Utme Bsu 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Bsu Commerce examination.

Post Utme Bsu 2017 Commerce Objective / Multiple Choice

Question 38 POST_UTME_BSU • 2017 • COMMERCE • objective

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 producing 100 units of output, what is the optimal combination of labor and capital?

Correct Answer A. L = 20, H = 30

B. L = 30, H = 20

C. L = 40, H = 10

D. L = 10, H = 40

Correct Answer

Correct Option:

L = 20, H = 30

This is Post Utme Bsu 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Bsu Commerce examination.

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