Post Utme Summit University 2022 Commerce Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Summit University Commerce examination.

Post Utme Summit University 2022 Commerce Objective / Multiple Choice
Question 23 POST_UTME_SUMMIT_UNIVERSITY • 2022 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm hires 4 units of labor and 2 units of capital, what is its total cost?

Answer Options

A. ₦14
Correct Answer B. ₦16
C. ₦18
D. ₦20
Correct Answer
B
Correct Option:
₦16

About This Question

This is Post Utme Summit University 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Summit University Commerce examination.

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