Post Utme Bowen University 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2019 Economics Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2L + 3H, where C is total \cost, L is labor, and H is capital. If the firm's current labor and capital inputs are L = 5 and H = 6, respectively, what is the total \cost?

Answer Options

A. ₦250
Correct Answer B. ₦300
C. ₦350
D. ₦400
Correct Answer
B
Correct Option:
₦300

About This Question

This is Post Utme Bowen University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support