Post Utme Unn 2025 Commerce Question 28
Practice objective / multiple choice question 28 from the 2025 Post Utme Unn Commerce examination.
A firm's cost function is given by C = 100 + 2L + 3K. If the price of labor (L) is 10 per unit and the price of capital (K) is 20 per unit, and the firm wants to minimize its cost, what is the optimal level of labor (L) and capital (K)?
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This is Post Utme Unn 2025 Commerce Question 28. It is one of the objective questions from the 2025 Post Utme Unn Commerce examination.
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