Post Utme Bowen University 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's \cost function is given by C(L,K) = 2L + 3K. If the firm's output is 10 units and the price of the good is $5, what is the firm's total revenue?

Answer Options

A. $50
Correct Answer B. $60
C. $70
D. $80
Correct Answer
B
Correct Option:
$60

About This Question

This is Post Utme Bowen University 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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