Post Utme Delsu 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Delsu Economics examination.

Post Utme Delsu 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_DELSU • 2020 • ECONOMICS • objective

Consider a firm with a production function Q = 2L^2 + 3K. The prices of labor and capital are ₦10 and ₦20 respectively. What is the firm's \cost function?

Answer Options

Correct Answer A. C = 20L + 40K
B. C = 10L + 20K
C. C = 5L + 10K
D. C = 2L + 4K
Correct Answer
A
Correct Option:
C = 20L + 40K

About This Question

This is Post Utme Delsu 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Delsu Economics examination.

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