Post Utme Al Hikmah University 2018 Economics Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 24 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's \cost function is given by TC = 100 + 2L + 3K. If the firm currently uses 5 units of labor and 8 units of capital, calculate the firm's current total \cost.

Answer Options

A. ₦250
Correct Answer B. ₦300
C. ₦350
D. ₦400
Correct Answer
B
Correct Option:
₦300

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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