Post Utme Oau 2020 Commerce Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Oau Commerce examination.

Post Utme Oau 2020 Commerce Objective / Multiple Choice
Question 4 POST_UTME_OAU • 2020 • COMMERCE • objective

A firm's cost function is given by C = 50 + 10L + 2K. If the firm's current labor and capital inputs are 5 and 8 respectively, what is its total cost?

Answer Options

A. 150
B. 200
Correct Answer C. 250
D. 300
Correct Answer
C
Correct Option:
250

About This Question

This is Post Utme Oau 2020 Commerce Question 4. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.

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