Post Utme Ui 2021 Commerce Question 25

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

Post Utme Ui 2021 Commerce Objective / Multiple Choice
Question 25 POST_UTME_UI • 2021 • COMMERCE • objective

A firm's cost function is given by C = 50L + 20K. If the firm hires 5 units of labor and 2 units of capital, what is its total cost?

Answer Options

A. ₦300
B. ₦350
Correct Answer C. ₦400
D. ₦450
Correct Answer
C
Correct Option:
₦400

About This Question

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

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