Post Utme Lautech 2023 Commerce Question 30
Practice objective / multiple choice question 30 from the 2023 Post Utme Lautech Commerce examination.
A firm uses the following cost function: C = 2L + 3K, where C is the total cost, L is the number of labor units, and K is the number of capital units. If the firm has 3 labor units and 6 capital units, what is the total cost?
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About This Question
This is Post Utme Lautech 2023 Commerce Question 30. It is one of the objective questions from the 2023 Post Utme Lautech Commerce examination.
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