Post Utme Ims U 2022 Economics Question 20
Practice objective / multiple choice question 20 from the 2022 Post Utme Ims U Economics examination.
A firm's \cost function is given by C = 2L + 3K, where C is the \cost, L is the labor, and K is the capital. If the firm increases its labor from 100 units to 121 units and its capital from 100 units to 121 units, what is the percentage change in \cost?
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About This Question
This is Post Utme Ims U 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.
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