Post Utme Veritas University 2022 Economics Question 25

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

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K. If the firm's labor and capital inputs are 100 and 200 units respectively, what is the firm's total \cost?

Answer Options

A. ₦500
B. ₦600
C. ₦700
Correct Answer D. ₦800
Correct Answer
D
Correct Option:
₦800

About This Question

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

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