Post Utme Ims U 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K, where L is labor and K is capital. If the firm's current labor and capital inputs are L = 10 and K = 5, respectively, what is the firm's current 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 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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