Post Utme Abu 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice
Question 34 POST_UTME_ABU • 2022 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K, where C is the \cost, L is the labor, and K is the capital. If the firm has 5 units of labor and 6 units of capital, what is the \cost?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Abu 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support