Post Utme Lead City University 2019 Commerce Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2019 Commerce Objective / Multiple Choice
Question 5 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm hires 4 units of labor and 6 units of capital, what is its 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 Lead City University 2019 Commerce Question 5. It is one of the objective questions from the 2019 Post Utme Lead City University Commerce examination.

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