Post Utme Redeemers University 2019 Commerce Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2019 Commerce Objective / Multiple Choice
Question 39 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's current labor and capital inputs are L = 10 and K = 5, respectively, what is the firm's current total cost?

Answer Options

A. 50
Correct Answer B. 55
C. 60
D. 65
Correct Answer
B
Correct Option:
55

About This Question

This is Post Utme Redeemers University 2019 Commerce Question 39. It is one of the objective questions from the 2019 Post Utme Redeemers University Commerce examination.

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