Post Utme Nile University 2019 Commerce Question 18
Practice objective / multiple choice question 18 from the 2019 Post Utme Nile University Commerce examination.
A firm has a cost function C = 2L + 3K, where L is labor and K is capital. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, what is the minimum cost of producing 100 units of output?
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About This Question
This is Post Utme Nile University 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Nile University Commerce examination.
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