Post Utme Babcock University 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ECONOMICS • objective

A firm has a \cost function given by C = 2L + 3K, where C is the \cost, L is the labor and K is the capital. If the firm has 10 units of labor and 5 units of capital, find the \cost.

Answer Options

A. ₦20
B. ₦25
Correct Answer C. ₦30
D. ₦35
Correct Answer
C
Correct Option:
₦30

About This Question

This is Post Utme Babcock University 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Babcock University Economics examination.

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