Post Utme Rhema University 2025 Economics Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2025 Economics Objective / Multiple Choice
Question 30 POST_UTME_RHEMA_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K. If the firm increases its labor input from 4 units to 6 units, and holds capital cons\tant at 9 units, what is the percentage change in total \cost?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Rhema University 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Rhema University Economics examination.

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