Post Utme Skyline University 2024 Geography Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Skyline University Geography examination.

Post Utme Skyline University 2024 Geography Objective / Multiple Choice
Question 15 POST_UTME_SKYLINE_UNIVERSITY • 2024 • GEOGRAPHY • objective

A firm is producing a good with a production function of Q = 2L + 3K. If the price of labor is ₦50 per hour and the price of capital is ₦100 per hour, what is the total cost of producing 100 units of the good?

Answer Options

A. ₦10,000
B. ₦15,000
Correct Answer C. ₦20,000
D. ₦25,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Skyline University 2024 Geography Question 15. It is one of the objective questions from the 2024 Post Utme Skyline University Geography examination.

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