Post Utme Osustech 2020 Commerce Question 3
Practice objective / multiple choice question 3 from the 2020 Post Utme Osustech Commerce examination.
A firm's cost function is given by C = 2L + 3K, where C is the total cost, L is labor and K is capital. If the firm hires 10 units of labor and 20 units of capital, what is the total cost?
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About This Question
This is Post Utme Osustech 2020 Commerce Question 3. It is one of the objective questions from the 2020 Post Utme Osustech Commerce examination.
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