Post Utme Futo 2021 Commerce Question 24
Practice objective / multiple choice question 24 from the 2021 Post Utme Futo Commerce examination.
A firm's cost function is given by C = 100 + 2L + 3K. If the firm's output is 100 units and the price of labor is 5 units per hour, what is the optimal level of capital that minimizes the firm's total cost?
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About This Question
This is Post Utme Futo 2021 Commerce Question 24. It is one of the objective questions from the 2021 Post Utme Futo Commerce examination.
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