Post Utme Ksu 2023 Economics Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice
Question 32 POST_UTME_KSU • 2023 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2L + 3K, where C is the \cost and L and K are the inputs. If the firm's current inputs are L = 10 and K = 20, calculate the firm's total \cost.

Answer Options

Correct Answer A. \( C = 250 \)
B. \( C = 300 \)
C. \( C = 350 \)
D. \( C = 400 \)
Correct Answer
A
Correct Option:
\( C = 250 \)

About This Question

This is Post Utme Ksu 2023 Economics Question 32. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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