Post Utme Osustech 2023 Commerce Question 38
Practice objective / multiple choice question 38 from the 2023 Post Utme Osustech Commerce examination.
A firm has a cost function given by C = 2L + 3K, where C is cost, L is labor and K is capital. If labor increases from 4 to 9, and capital remains constant at 16, what is the change in cost?
Answer Options
About This Question
This is Post Utme Osustech 2023 Commerce Question 38. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.