Post Utme Rsu 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 23 POST_UTME_RSU • 2023 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3H, where C is \cost, L is labor, and H is capital. If the firm's current labor and capital inputs are L = 4 and H = 9, respectively, what is the firm's total \cost?

Answer Options

A. ₦40
B. ₦50
Correct Answer C. ₦60
D. ₦70
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Rsu 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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