Post Utme Futa 2024 Commerce Question 14
Practice objective / multiple choice question 14 from the 2024 Post Utme Futa Commerce examination.
A firm's cost function is given by C = 2L + 3K, where C is the cost, L is the labor, and K is the capital. If the firm increases its labor by 20% and capital by 15%, what is the effect on the cost?
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About This Question
This is Post Utme Futa 2024 Commerce Question 14. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.
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