Post Utme Uniben 2018 Economics Question 23
Practice objective / multiple choice question 23 from the 2018 Post Utme Uniben Economics examination.
A firm's \cost function is given by C = 2L + 3H. If the price of labor (L) is ₦100 per unit and the price of capital (H) is ₦200 per unit, and the firm's total revenue is ₦100,000, find the number of units of labor and capital the firm should employ to minimize its \cost.
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About This Question
This is Post Utme Uniben 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Uniben Economics examination.
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