Post Utme Lautech 2018 Commerce Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Lautech Commerce examination.

Post Utme Lautech 2018 Commerce Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2018 • COMMERCE • objective

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

Answer Options

A. ₦18
B. ₦24
Correct Answer C. ₦30
D. ₦36
Correct Answer
C
Correct Option:
₦30

About This Question

This is Post Utme Lautech 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Lautech Commerce examination.

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