Post Utme Rsu 2017 Economics Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice
Question 34 POST_UTME_RSU • 2017 • ECONOMICS • objective

A firm has a \cost function given by C = 2L + 3K, where L is labor and K is capital. If the firm has 5 units of labor and 3 units of capital, 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 Rsu 2017 Economics Question 34. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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