Post Utme Nile University 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

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 uses 10 units of labor and 5 units of capital, what is the total \cost?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Nile University 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

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