Post Utme Noun 2019 Commerce Question 24
Practice objective / multiple choice question 24 from the 2019 Post Utme Noun Commerce examination.
A company's cost function is given by C = 100L + 200K, where C is the total cost, L is labor, and K is capital. If the company increases labor from 100 to 121 units and capital from 100 to 121 units, what is the new total cost?
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About This Question
This is Post Utme Noun 2019 Commerce Question 24. It is one of the objective questions from the 2019 Post Utme Noun Commerce examination.
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