Post Utme Lasu 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Lasu Commerce examination.

Post Utme Lasu 2023 Commerce Objective / Multiple Choice
Question 29 POST_UTME_LASU • 2023 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's current input levels are L = 4 and K = 9, what is the total cost?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Lasu 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Lasu Commerce examination.

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