Post Utme Delsu 2020 Commerce Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Delsu Commerce examination.

Post Utme Delsu 2020 Commerce Objective / Multiple Choice
Question 14 POST_UTME_DELSU • 2020 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm wants to minimize its costs while producing 100 units of output, how many units of labor should it hire?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Delsu 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Delsu Commerce examination.

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