Post Utme Al Hikmah University 2025 Commerce Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2025 Commerce Objective / Multiple Choice
Question 13 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • COMMERCE • objective

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's labor and capital inputs are 10 and 5 respectively, what is the firm's cost?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Al Hikmah University 2025 Commerce Question 13. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Commerce examination.

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