Post Utme Ui 2025 Commerce Question 8
Practice objective / multiple choice question 8 from the 2025 Post Utme Ui Commerce 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 ₦50 per hour, what is the optimal level of capital?
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About This Question
This is Post Utme Ui 2025 Commerce Question 8. It is one of the objective questions from the 2025 Post Utme Ui Commerce examination.
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