Post Utme Lasu 2020 Commerce Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Lasu Commerce examination.

Post Utme Lasu 2020 Commerce Objective / Multiple Choice
Question 14 POST_UTME_LASU • 2020 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's current labor is 6 units and capital is 8 units, what is the total cost?

Answer Options

A. 30
B. 40
Correct Answer C. 50
D. 60
Correct Answer
C
Correct Option:
50

About This Question

This is Post Utme Lasu 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Lasu Commerce examination.

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