Post Utme Futo 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 8 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A firm has a production function Q = 2L + 3K. If the firm's \cost function is C(L,K) = 10L + 20K and the firm produces 20 units, what is the total \cost?

Answer Options

A. ₦1000
B. ₦1200
Correct Answer C. ₦1500
D. ₦1800
Correct Answer
C
Correct Option:
₦1500

About This Question

This is Post Utme Futo 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support