Post Utme Noun 2021 Commerce Question 33
Practice objective / multiple choice question 33 from the 2021 Post Utme Noun Commerce examination.
A firm's cost function is given by C = 2L + 3H, where C is cost, L is labor, and H is capital. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the percentage change in cost?
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About This Question
This is Post Utme Noun 2021 Commerce Question 33. It is one of the objective questions from the 2021 Post Utme Noun Commerce examination.
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