Post Utme Uniben 2021 Commerce Question 38
Practice objective / multiple choice question 38 from the 2021 Post Utme Uniben Commerce examination.
A company's cost function is given by C = 100 + 2L + 3K, where C is the total cost, L is the number of labor hours, and K is the capital invested. If the company wants to reduce its total cost by 15% while keeping labor hours constant at 100, what percentage decrease in capital investment is required?
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About This Question
This is Post Utme Uniben 2021 Commerce Question 38. It is one of the objective questions from the 2021 Post Utme Uniben Commerce examination.
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