Post Utme Pan Atlantic University 2022 Commerce Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2022 Commerce Objective / Multiple Choice
Question 3 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • COMMERCE • objective

A firm's cost function is given by (C = 2L + 3K), where (L) is labor and (K) is capital. If the firm hires 10 units of labor and 5 units of capital, what is the total cost?

Answer Options

A. (C = 25)
Correct Answer B. (C = 30)
C. (C = 35)
D. (C = 40)
Correct Answer
B
Correct Option:
(C = 30)

About This Question

This is Post Utme Pan Atlantic University 2022 Commerce Question 3. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Commerce examination.

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