Post Utme Uniosun 2017 Economics Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3H. If the price of labor (L) is ₦100 per unit and the price of capital (H) is ₦200 per unit, calculate the marginal \cost of producing 3 units of output.

Answer Options

A. ₦300
B. ₦400
Correct Answer C. ₦500
D. ₦600
Correct Answer
C
Correct Option:
₦500

About This Question

This is Post Utme Uniosun 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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