Post Utme Skyline University 2017 Commerce Question 24
Practice objective / multiple choice question 24 from the 2017 Post Utme Skyline University Commerce examination.
A firm's cost function is given by C = 2L + 3K. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm wants to minimize its cost, what is the optimal value of L?
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This is Post Utme Skyline University 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Skyline University Commerce examination.
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