Post Utme Ims U 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Ims U Economics examination.

Post Utme Ims U 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_IMS_U • 2021 • ECONOMICS • objective

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

Answer Options

A. ₦50
B. ₦100
Correct Answer C. ₦150
D. ₦200
Correct Answer
C
Correct Option:
₦150

About This Question

This is Post Utme Ims U 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Ims U Economics examination.

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