Post Utme Skyline University 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2020 Economics Objective / Multiple Choice
Question 4 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K. If the firm's current inputs are L = 4 and K = 6, calculate the marginal \cost of labor.

Answer Options

A. 2
Correct Answer B. 3
C. 4
D. 5
Correct Answer
B
Correct Option:
3

About This Question

This is Post Utme Skyline University 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Skyline University Economics examination.

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