Post Utme Igbinedion University 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ECONOMICS • objective

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's labor and capital are 50 units each, what is the firm's \cost?

Answer Options

A. ₦250
B. ₦300
Correct Answer C. ₦350
D. ₦400
Correct Answer
C
Correct Option:
₦350

About This Question

This is Post Utme Igbinedion University 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Igbinedion University Economics examination.

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