Post Utme Ui 2020 Commerce Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Ui Commerce examination.

Post Utme Ui 2020 Commerce Objective / Multiple Choice
Question 14 POST_UTME_UI • 2020 • COMMERCE • objective

A firm's cost function is given by ( C = 10L + 20K ). If the firm's labor and capital inputs are 2 and 3 respectively, what is the total cost?

Answer Options

A. ( C = 40 )
B. ( C = 50 )
Correct Answer C. ( C = 60 )
D. ( C = 70 )
Correct Answer
C
Correct Option:
( C = 60 )

About This Question

This is Post Utme Ui 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Ui Commerce examination.

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