Post Utme Uniben 2020 Economics Question 18
Practice objective / multiple choice question 18 from the 2020 Post Utme Uniben Economics examination.
A firm's total \cost function is given by \( TC = 2L^2 + 3K^2 + 100 \). If the firm's output is 100 units and the price of labor is ₦10 per unit and the price of capital is ₦20 per unit, find the firm's optimal input bundle of labor and capital.
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About This Question
This is Post Utme Uniben 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.
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