Post Utme Wellspring University 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K. If the firm's output is 100 units, what is the firm's average \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 Wellspring University 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Wellspring University Economics examination.

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