Post Utme Uniosun 2021 Economics Question 30
Practice objective / multiple choice question 30 from the 2021 Post Utme Uniosun Economics examination.
A firm's \cost function is given by the equation C = 10L + 20K, where C is the \cost, L is the labor, and K is the capital. If the firm wants to minimize its \cost and the price of labor is $10 per hour, what is the optimal level of capital?
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About This Question
This is Post Utme Uniosun 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.
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