Post Utme Crawford University 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ECONOMICS • objective

A firm has a \cost function given by C = 2L + 3K, where L is labor and K is capital. If the firm has 10 units of labor and 5 units of capital, what is the total \cost?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦35
D. ₦40
Correct Answer
C
Correct Option:
₦35

About This Question

This is Post Utme Crawford University 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Crawford 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