Post Utme Coal City University 2025 Commerce Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2025 Commerce Objective / Multiple Choice

Question 8 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • COMMERCE • objective

A firm has the following cost function: C = 100 + 2L + 3K. If the price of labor is 10 per unit and the price of capital is 20 per unit, and the firm wants to minimize its cost, what is the optimal level of labor and capital?

Answer Options

Correct Answer A. L = 50, K = 50

B. L = 100, K = 100

C. L = 200, K = 200

D. L = 150, K = 150

Correct Answer

Correct Option:

L = 50, K = 50

About This Question

This is Post Utme Coal City University 2025 Commerce Question 8. It is one of the objective questions from the 2025 Post Utme Coal City University Commerce examination.

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