Post Utme Christopher University 2019 Commerce Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2019 Commerce Objective / Multiple Choice
Question 39 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • COMMERCE • objective

A firm's cost function is given by the equation C = 2L + 3K, where C is the total cost, L is the labor input, and K is the capital input. If the firm's labor input is 4 units and its capital input is 9 units, what is the total cost?

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 Christopher University 2019 Commerce Question 39. It is one of the objective questions from the 2019 Post Utme Christopher University Commerce examination.

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