Post Utme Rhema University 2025 Economics Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2025 Economics Objective / Multiple Choice
Question 34 POST_UTME_RHEMA_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2L + 3K, where C is \cost, L is labor, and K is capital. If the firm's current labor and capital inputs are 10 and 20 respectively, what is the total \cost?

Answer Options

A. 300
B. 400
Correct Answer C. 500
D. 600
Correct Answer
C
Correct Option:
500

About This Question

This is Post Utme Rhema University 2025 Economics Question 34. It is one of the objective questions from the 2025 Post Utme Rhema University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support