Post Utme Futo 2019 Economics Question 21
Practice objective / multiple choice question 21 from the 2019 Post Utme Futo Economics examination.
A firm's \cost function is given by C = 2L + 3H, where C is \cost, L is labor and H is capital. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and the firm's revenue function is given by R = 4LH, find the optimal values of L and H.
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About This Question
This is Post Utme Futo 2019 Economics Question 21. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.
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