Post Utme Rsu 2021 Economics Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Rsu Economics examination.
A firm's \cost function is given by C = 2L + 3K, where C is \cost, L is labor, and K is capital. If the firm wants to minimize its \cost while producing 100 units of output, and the wage rate is ₦10 per unit of labor, and the rental rate is ₦20 per unit of capital, how much capital (in units) should it invest?
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About This Question
This is Post Utme Rsu 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Rsu Economics examination.
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