Post Utme Noun 2019 Economics Question 23
Practice objective / multiple choice question 23 from the 2019 Post Utme Noun Economics examination.
Consider a firm with a production function Q = 3L^0.7K^0.3. If the firm's current input prices are w = 15 and r = 25, calculate the firm's marginal \cost when L = 6 and K = 12.
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About This Question
This is Post Utme Noun 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.
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