Post Utme Summit University 2023 Commerce Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Summit University Commerce examination.

Post Utme Summit University 2023 Commerce Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2023 • COMMERCE • objective

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

Answer Options

A. 10
B. 20
Correct Answer C. 30
D. 40
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Summit University 2023 Commerce Question 30. It is one of the objective questions from the 2023 Post Utme Summit University Commerce examination.

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