Post Utme Rhema University 2023 General Studies Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Rhema University General Studies examination.

Post Utme Rhema University 2023 General Studies Objective / Multiple Choice
Question 13 POST_UTME_RHEMA_UNIVERSITY • 2023 • GENERAL STUDIES • objective

A firm's cost function is given by the equation C = 2L + 3K. If the firm's labor input is 4 units and the capital input is 6 units, what is the total cost?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Rhema University 2023 General Studies Question 13. It is one of the objective questions from the 2023 Post Utme Rhema University General Studies examination.

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