Post Utme Nile University 2017 Commerce Question 29
Practice objective / multiple choice question 29 from the 2017 Post Utme Nile University Commerce examination.
A firm's cost function is given by C = 2L + 3K, where C is the total cost, L is the labor input, and K is the capital input. If the firm's labor input is 10 units and its capital input is 5 units, what is the total cost?
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About This Question
This is Post Utme Nile University 2017 Commerce Question 29. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.
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