Post Utme Bells University 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Bells University Economics examination.

Post Utme Bells University 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_BELLS_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K. If the firm's current labor and capital inputs are 10 and 5 units respectively, what is the firm's current total \cost?

Answer Options

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

About This Question

This is Post Utme Bells University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Bells University Economics examination.

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