Post Utme Delsu 2022 Commerce Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Delsu Commerce examination.

Post Utme Delsu 2022 Commerce Objective / Multiple Choice

Question 23 POST_UTME_DELSU • 2022 • COMMERCE • objective

A firm's cost function is given by the equation C = 2L + 3K, where C is the total cost, L is the number of labor hours, and K is the capital invested. If the firm wants to minimize its cost, what is the optimal combination of labor and capital?

A. L = 5, K = 10

Correct Answer B. L = 10, K = 5

C. L = 15, K = 20

D. L = 20, K = 15

Correct Answer

Correct Option:

L = 10, K = 5

This is Post Utme Delsu 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Delsu Commerce examination.

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