Post Utme Summit University 2017 Commerce Question 18
Practice objective / multiple choice question 18 from the 2017 Post Utme Summit University Commerce examination.
A firm's cost function is given by C = 2L + 3H, where L is labor and H is capital. If the firm wants to minimize its costs while producing 100 units of output, what is the optimal combination of labor and capital?
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About This Question
This is Post Utme Summit University 2017 Commerce Question 18. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.
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