Post Utme Oau 2025 Economics Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Oau Economics examination.

Post Utme Oau 2025 Economics Objective / Multiple Choice
Question 24 POST_UTME_OAU • 2025 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K, where L is labor and K is capital. If the firm's current labor and capital inputs are 16 and 9 respectively, what is the firm's total \cost?

Answer Options

A. ₦100
Correct Answer B. ₦150
C. ₦200
D. ₦250
Correct Answer
B
Correct Option:
₦150

About This Question

This is Post Utme Oau 2025 Economics Question 24. It is one of the objective questions from the 2025 Post Utme Oau Economics examination.

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