Post Utme Pan Atlantic University 2017 Economics Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice
Question 34 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the price of labor is ₦20 per hour and the price of capital is ₦30 per unit, what is the total \cost of producing 10 units?

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2017 Economics Question 34. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

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