Post Utme Greenfield University 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's \cost function is given by the equation C = 2L + 3K, where C is the total \cost, L is the number of labor units, and K is the number of capital units. If the firm has 10 labor units and 5 capital units, what is the total \cost?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Greenfield University 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Greenfield University Economics examination.

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