Post Utme Unilag 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A firm has a production function Q = 2L + 3K, where L is labor and K is capital. The firm's \cost function is given by C = 2L + 3K. If the firm has 10 units of labor and 5 units of capital, what is the firm's total \cost?

Answer Options

A. ₦100
B. ₦150
Correct Answer C. ₦200
D. ₦250
Correct Answer
C
Correct Option:
₦200

About This Question

This is Post Utme Unilag 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support