Post Utme Esut 2024 Commerce Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 9 POST_UTME_ESUT • 2024 • COMMERCE • objective

A firm's production function is given by Q = 2L + 3K. If the firm's cost function is given by C = 10L + 20K, what is the minimum cost of producing 10 units of output?

Answer Options

A. ₦100
Correct Answer B. ₦150
C. ₦200
D. ₦250
Correct Answer
B
Correct Option:
₦150

About This Question

This is Post Utme Esut 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

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