Post Utme Ksu 2019 Commerce Question 23
Practice objective / multiple choice question 23 from the 2019 Post Utme Ksu Commerce examination.
A company has a budget constraint of ₦10,000 and a production function of Q = 2L + 3K, where Q is output, L is labor, and K is capital. If the price of labor is ₦2,000 per unit and the price of capital is ₦3,000 per unit, what is the optimal combination of labor and capital?
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About This Question
This is Post Utme Ksu 2019 Commerce Question 23. It is one of the objective questions from the 2019 Post Utme Ksu Commerce examination.
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