Post Utme Unilorin 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2020 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNILORIN • 2020 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2L + 3H, where C is \cost, L is labor and H is capital. If the firm's current labor and capital are 10 and 5 respectively, what is the total \cost?

Answer Options

A. 150
Correct Answer B. 200
C. 250
D. 300
Correct Answer
B
Correct Option:
200

About This Question

This is Post Utme Unilorin 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Unilorin Economics examination.

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