Post Utme Christopher University 2021 Economics Question 38
Practice objective / multiple choice question 38 from the 2021 Post Utme Christopher University Economics examination.
A firm has a \cost function given by C = 100 + 2L + 3K, where C is the \cost, L is the labor and K is the capital. If the price of labor is ₦100 and the price of capital is ₦200, what is the marginal \cost of labor?
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About This Question
This is Post Utme Christopher University 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Christopher University Economics examination.
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