Post Utme Abu 2021 Geography Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Abu Geography examination.

Post Utme Abu 2021 Geography Objective / Multiple Choice
Question 30 POST_UTME_ABU • 2021 • GEOGRAPHY • objective

A firm's cost function is given by the equation ( C = 20L + 10K ), where ( C ) is the cost, ( L ) is the labor, and ( K ) is the capital. If the firm uses 50 units of labor and 50 units of capital, what is the cost?

Answer Options

A. 1000
B. 1500
Correct Answer C. 2000
D. 2500
Correct Answer
C
Correct Option:
2000

About This Question

This is Post Utme Abu 2021 Geography Question 30. It is one of the objective questions from the 2021 Post Utme Abu Geography examination.

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