Post Utme Ksu 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 35 POST_UTME_KSU • 2021 • ECONOMICS • objective

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 uses 10 units of labor and 5 units of capital, what is the \cost?

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Ksu 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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