Post Utme Lasu 2017 Commerce Question 9
Practice objective / multiple choice question 9 from the 2017 Post Utme Lasu Commerce examination.
A firm's cost function is given by C = 100 + 2L + 3K. If the firm's labor and capital inputs are increased by 10% and 15% respectively, what is the new total cost?
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About This Question
This is Post Utme Lasu 2017 Commerce Question 9. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.
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