Post Utme Achievers University 2022 Economics Question 39
Practice objective / multiple choice question 39 from the 2022 Post Utme Achievers 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 labor increases by 10% and the capital remains cons\tant, what is the percentage change in the \cost?
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About This Question
This is Post Utme Achievers University 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.
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