Post Utme Unilag 2019 Commerce Question 22
Practice objective / multiple choice question 22 from the 2019 Post Utme Unilag Commerce examination.
A firm's cost function is given by C = 100 + 2L + 3K, where C is the total cost, L is the labor input, and K is the capital input. If the firm wants to minimize its cost while producing 100 units of output, what is the optimal combination of labor and capital inputs?
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About This Question
This is Post Utme Unilag 2019 Commerce Question 22. It is one of the objective questions from the 2019 Post Utme Unilag Commerce examination.
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