Post Utme Unn 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_UNN • 2019 • ECONOMICS • objective

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

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Unn 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support