Post Utme Ksu 2022 Commerce Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Ksu Commerce examination.

Post Utme Ksu 2022 Commerce Objective / Multiple Choice
Question 8 POST_UTME_KSU • 2022 • COMMERCE • objective

A company's cost function is given by C = 2L + 3K. If the firm's current labor and capital inputs are L = 4 and K = 2, respectively, then the total cost of production is

Answer Options

A. 10
Correct Answer B. 12
C. 14
D. 16
Correct Answer
B
Correct Option:
12

About This Question

This is Post Utme Ksu 2022 Commerce Question 8. It is one of the objective questions from the 2022 Post Utme Ksu Commerce examination.

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