Post Utme Osustech 2025 Commerce Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Osustech Commerce examination.

Post Utme Osustech 2025 Commerce Objective / Multiple Choice
Question 15 POST_UTME_OSUSTECH • 2025 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K, where C is cost, L is labor and K is capital. If the firm increases labor from 2 to 4 units, and capital from 8 to 12 units, by how much does cost increase?

Answer Options

A. 50%
B. 100%
Correct Answer C. 150%
D. 200%
Correct Answer
C
Correct Option:
150%

About This Question

This is Post Utme Osustech 2025 Commerce Question 15. It is one of the objective questions from the 2025 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.

Unlock Full Access Available for Android & Windows
Chat with Support