Post Utme Ui 2020 Commerce Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Ui Commerce examination.

Post Utme Ui 2020 Commerce Objective / Multiple Choice
Question 18 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 marginal cost?

Answer Options

A. ( MC = 10 )
B. ( MC = 15 )
Correct Answer C. ( MC = 20 )
D. ( MC = 25 )
Correct Answer
C
Correct Option:
( MC = 20 )

About This Question

This is Post Utme Ui 2020 Commerce Question 18. It is one of the objective questions from the 2020 Post Utme Ui Commerce examination.

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