Post Utme Futo 2019 Commerce Question 38
Practice objective / multiple choice question 38 from the 2019 Post Utme Futo Commerce examination.
A firm's cost function is given by C = 100 + 2L + 3K, where C is cost, L is labor, and K is capital. If the firm increases labor from 50 to 75 units, and capital from 50 to 75 units, what is the percentage change in cost?
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About This Question
This is Post Utme Futo 2019 Commerce Question 38. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.
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