Post Utme Ksu 2018 Commerce Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Ksu Commerce examination.

Post Utme Ksu 2018 Commerce Objective / Multiple Choice
Question 9 POST_UTME_KSU • 2018 • COMMERCE • objective

A company has the following cost function: C = 2L + 3K. If the price of labor is ₦10 and the price of capital is ₦20, what is the minimum cost of production?

Answer Options

A. ₦30
Correct Answer B. ₦40
C. ₦50
D. ₦60
Correct Answer
B
Correct Option:
₦40

About This Question

This is Post Utme Ksu 2018 Commerce Question 9. It is one of the objective questions from the 2018 Post Utme Ksu Commerce examination.

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