Post Utme Lasu 2023 Commerce Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Lasu Commerce examination.

Post Utme Lasu 2023 Commerce Objective / Multiple Choice
Question 37 POST_UTME_LASU • 2023 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's current labor and capital inputs are 10 and 15 respectively, what is the total cost?

Answer Options

A. 50
B. 60
Correct Answer C. 70
D. 80
Correct Answer
C
Correct Option:
70

About This Question

This is Post Utme Lasu 2023 Commerce Question 37. It is one of the objective questions from the 2023 Post Utme Lasu Commerce examination.

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