Post Utme Futo 2024 Economics Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice
Question 39 POST_UTME_FUTO • 2024 • ECONOMICS • objective

A firm's \cost function is given by C(L,K) = 2L + 3K. If the firm's output is 100 units and the wage rate is ₦10 per hour, what is the minimum amount of capital the firm should employ?

Answer Options

A. ₦100
B. ₦500
Correct Answer C. ₦1000
D. ₦5000
Correct Answer
C
Correct Option:
₦1000

About This Question

This is Post Utme Futo 2024 Economics Question 39. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.

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