Post Utme Ksu 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 28 POST_UTME_KSU • 2020 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K \). If the firm's output is 100 units and the price of labor is $10 per unit, what is the minimum \cost of production?

Answer Options

Correct Answer A. $500
B. $600
C. $700
D. $800
Correct Answer
A
Correct Option:
$500

About This Question

This is Post Utme Ksu 2020 Economics Question 28. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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