Post Utme Veritas University 2024 Commerce Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2024 Commerce Objective / Multiple Choice
Question 19 POST_UTME_VERITAS_UNIVERSITY • 2024 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's current inputs are L = 4 and K = 9, what is the total cost?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Veritas University 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Veritas University Commerce examination.

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