Post Utme Unilorin 2018 Commerce Question 10
Practice objective / multiple choice question 10 from the 2018 Post Utme Unilorin Commerce examination.
A firm's cost function is given by C = 50 + 10L + 5K. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the percentage change in cost?
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About This Question
This is Post Utme Unilorin 2018 Commerce Question 10. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.
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