Post Utme Rsu 2022 Commerce Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Rsu Commerce examination.

Post Utme Rsu 2022 Commerce Objective / Multiple Choice
Question 19 POST_UTME_RSU • 2022 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's current labor and capital inputs are L = 8 and K = 6, respectively, what is the firm's current cost?

Answer Options

A. ₦40
B. ₦60
Correct Answer C. ₦80
D. ₦100
Correct Answer
C
Correct Option:
₦80

About This Question

This is Post Utme Rsu 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Rsu Commerce examination.

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