Post Utme Summit University 2019 Economics Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Summit University Economics examination.

Post Utme Summit University 2019 Economics Objective / Multiple Choice
Question 35 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

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

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Summit University 2019 Economics Question 35. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.

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