Post Utme Babcock University 2023 Economics Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice

Question 30 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K, where C is \cost, L is labor, and K is capital. What is the marginal \cost of this \cost function?

Answer Options

Correct Answer A. MC = 2

B. MC = 3

C. MC = 2L + 3K

D. MC dep\ends on other factors

Correct Answer

Correct Option:

MC = 2

About This Question

This is Post Utme Babcock University 2023 Economics Question 30. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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