Post Utme Crawford University 2024 Geography Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Crawford University Geography examination.

Post Utme Crawford University 2024 Geography Objective / Multiple Choice
Question 15 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • GEOGRAPHY • objective

A firm is producing a good with a production function of Q = 2L + 3K, where L is labor and K is capital. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, what is the total cost of producing 10 units of the good?

Answer Options

A. ₦4,000
B. ₦5,000
Correct Answer C. ₦6,000
D. ₦7,000
Correct Answer
C
Correct Option:
₦6,000

About This Question

This is Post Utme Crawford University 2024 Geography Question 15. It is one of the objective questions from the 2024 Post Utme Crawford University Geography examination.

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