Post Utme Futa 2024 Commerce Question 39
Practice objective / multiple choice question 39 from the 2024 Post Utme Futa Commerce examination.
A firm's cost function is given by C(L,K) = 2L + 3K, where C is cost, L is labor, and K is capital. If the firm wants to minimize its cost while producing 100 units of output, and the wage rate is ₦20 per unit of labor, what is the optimal level of capital?
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About This Question
This is Post Utme Futa 2024 Commerce Question 39. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.
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