Post Utme Uniport 2021 Commerce Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Uniport 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 minimize its cost while producing 100 units, how many labor hours should it use?
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About This Question
This is Post Utme Uniport 2021 Commerce Question 3. It is one of the objective questions from the 2021 Post Utme Uniport Commerce examination.
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