Post Utme Uniport 2024 Commerce Question 30
Practice objective / multiple choice question 30 from the 2024 Post Utme Uniport Commerce examination.
A firm's cost function is given by C = 2L + 3K, where C is the cost, L is the labor, and K is the capital. If the firm increases its labor from 100 units to 120 units, and its capital from 100 units to 120 units, what is the percentage change in cost?
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About This Question
This is Post Utme Uniport 2024 Commerce Question 30. It is one of the objective questions from the 2024 Post Utme Uniport Commerce examination.
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