Post Utme Skyline University 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's \cost function is given by the equation C = 2L + 3K, where C is the \cost, L is the number of labor hours, and K is the amount of capital. If the firm has 50 labor hours and ₦500 capital, find the \cost.

Answer Options

A. ₦250
B. ₦300
Correct Answer C. ₦350
D. ₦400
Correct Answer
C
Correct Option:
₦350

About This Question

This is Post Utme Skyline University 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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