Post Utme Ims U 2023 Economics Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Ims U Economics examination.

Post Utme Ims U 2023 Economics Objective / Multiple Choice
Question 32 POST_UTME_IMS_U • 2023 • ECONOMICS • objective

A firm has a \cost function C = 100 + 2L + 3K, where C is the \cost, L is the labor and K is the capital. If the firm wants to minimize its \cost and the labor is 20, what is the optimal level of capital?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Ims U 2023 Economics Question 32. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.

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