Post Utme Uniport 2025 Commerce Question 18
Practice objective / multiple choice question 18 from the 2025 Post Utme Uniport Commerce examination.
A firm's cost function is given by C = 2L + 3K, where C is cost, L is labor, and K is capital. If the firm increases labor by 20% and capital by 15%, what is the percentage increase in cost?
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About This Question
This is Post Utme Uniport 2025 Commerce Question 18. It is one of the objective questions from the 2025 Post Utme Uniport Commerce examination.
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