Post Utme Veritas University 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_VERITAS_UNIVERSITY • 2023 • ECONOMICS • objective

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's current labor and capital inputs are L = 6 and K = 8, respectively, what is the firm's current \cost?

Answer Options

A. C = 30
B. C = 36
Correct Answer C. C = 42
D. C = 48
Correct Answer
C
Correct Option:
C = 42

About This Question

This is Post Utme Veritas University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Veritas University Economics examination.

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