Post Utme Skyline University 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice
Question 37 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm has a production function Q = 2L + 3K, where L is labor and K is capital. If the firm's output is 100 units and the price of output is ₦10 per unit, what is the minimum \cost of production?

Answer Options

A. ₦500
Correct Answer B. ₦600
C. ₦700
D. ₦800
Correct Answer
B
Correct Option:
₦600

About This Question

This is Post Utme Skyline University 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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