Post Utme Uniport 2018 Commerce Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Uniport Commerce examination.
A company's cost function is given by C = 100 + 2L + 3K, where C is the total cost, L is the labor input, and K is the capital input. If the company increases labor input from 50 to 60 units and capital input from 50 to 60 units, what is the percentage change in the total cost?
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About This Question
This is Post Utme Uniport 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Uniport Commerce examination.
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