Post Utme Madonna University 2024 Commerce Question 35
Practice objective / multiple choice question 35 from the 2024 Post Utme Madonna University Commerce examination.
A firm's cost function is given by C = 100L + 200K, where C is cost, L is labor, and K is capital. If the firm's labor is 50 people and its capital is ₦200,000, what is the marginal cost?
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About This Question
This is Post Utme Madonna University 2024 Commerce Question 35. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.
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