Post Utme Greenfield University 2025 Commerce Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2025 Commerce Objective / Multiple Choice
Question 14 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • COMMERCE • objective

A firm's cost function is given by C(L,K) = 2L + 3K. If the firm's labor and capital inputs are 10 and 5 respectively, what is the firm's total cost?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Greenfield University 2025 Commerce Question 14. It is one of the objective questions from the 2025 Post Utme Greenfield University Commerce examination.

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