Post Utme Unn 2022 Economics Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Unn Economics examination.

Post Utme Unn 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_UNN • 2022 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K. If the firm increases its labor input from 6 units to 9 units and holds capital input cons\tant at 12 units, what is the percentage change in \cost?

Answer Options

A. 25%
Correct Answer B. 50%
C. 75%
D. 100%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Unn 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.

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