Post Utme Summit University 2021 Commerce Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Summit University Commerce examination.

Post Utme Summit University 2021 Commerce Objective / Multiple Choice
Question 25 POST_UTME_SUMMIT_UNIVERSITY • 2021 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's labor and capital inputs are 4 and 5 respectively, what is the total cost?

Answer Options

A. 20
B. 25
Correct Answer C. 30
D. 35
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Summit University 2021 Commerce Question 25. It is one of the objective questions from the 2021 Post Utme Summit University Commerce examination.

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