Post Utme Bsu 2019 Commerce Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Bsu Commerce examination.

Post Utme Bsu 2019 Commerce Objective / Multiple Choice
Question 34 POST_UTME_BSU • 2019 • COMMERCE • objective

A firm's cost function is given by the equation C = 2L + 3K, where C is cost, L is labor, and K is capital. If the firm uses 100 units of labor and 400 units of capital, what is the firm's total cost?

Answer Options

A. ₦2000
B. ₦3000
Correct Answer C. ₦4000
D. ₦5000
Correct Answer
C
Correct Option:
₦4000

About This Question

This is Post Utme Bsu 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Bsu Commerce examination.

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