Post Utme Bowen University 2018 Commerce Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 19 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's output is 16 units, and the number of workers (L) is 4, find the total cost of production.

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Bowen University 2018 Commerce Question 19. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

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