Post Utme Veritas University 2019 Economics Question 19
Practice objective / multiple choice question 19 from the 2019 Post Utme Veritas University Economics examination.
A firm's \cost function is given by C = 100 + 2L + 3K, 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, what is the optimal level of capital?
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About This Question
This is Post Utme Veritas University 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.
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