Post Utme Wellspring University 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's \cost function is given by the equation C = 2L + 3K, where C is the \cost, L is the labor, and K is the capital. If the labor is 50 units and the capital is 200 units, what is the \cost?

Answer Options

A. ₦150
B. ₦200
Correct Answer C. ₦250
D. ₦300
Correct Answer
C
Correct Option:
₦250

About This Question

This is Post Utme Wellspring University 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Wellspring University Economics examination.

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