Post Utme Aaua 2022 Economics Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice
Question 22 POST_UTME_AAUA • 2022 • ECONOMICS • objective

A firm's \cost function is given by TC = 100 + 2L + 3K, where TC is total \cost, L is labor, and K is capital. If the firm's labor and capital are fixed at 10 and 15 respectively, calculate the marginal \cost (MC) of producing one more unit of output.

Answer Options

Correct Answer A. MC = 2
B. MC = 3
C. MC = 5
D. MC = 10
Correct Answer
A
Correct Option:
MC = 2

About This Question

This is Post Utme Aaua 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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