Post Utme Al Hikmah University 2020 Economics Question 18
Practice objective / multiple choice question 18 from the 2020 Post Utme Al Hikmah University Economics examination.
A firm's \cost function is given by C = 2L + 3K, where C is \cost, L is labor and K is capital. If the firm increases labor from 4 units to 9 units, while keeping capital cons\tant at 16 units, what is the percentage change in \cost?
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About This Question
This is Post Utme Al Hikmah University 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Economics examination.
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