Post Utme Redeemers University 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2022 Economics Objective / Multiple Choice
Question 39 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K. If the firm hires 10 units of labor and 20 units of capital, what is the total \cost?

Answer Options

A. ₦100
B. ₦200
Correct Answer C. ₦300
D. ₦400
Correct Answer
C
Correct Option:
₦300

About This Question

This is Post Utme Redeemers University 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Redeemers University Economics examination.

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