Post Utme Ksu 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_KSU • 2020 • ECONOMICS • objective

A firm's \cost function is given by C(L, K) = 2L^0.5 + 3K^0.5, where L is labor and K is capital. If the firm has 100 units of labor and 50 units of capital, calculate the total \cost of the firm.

Answer Options

A. ₦150
B. ₦200
Correct Answer C. ₦250
D. ₦300
Correct Answer
C
Correct Option:
₦250

About This Question

This is Post Utme Ksu 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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