Post Utme Madonna University 2017 Economics Question 15
Practice objective / multiple choice question 15 from the 2017 Post Utme Madonna University Economics examination.
A firm's budget constraint is given by 2L + 3K = 100. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, what is the optimal level of labor and capital?
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About This Question
This is Post Utme Madonna University 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Madonna University Economics examination.
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