Post Utme Aaua 2019 Commerce Question 34
Practice objective / multiple choice question 34 from the 2019 Post Utme Aaua Commerce examination.
A firm wants to maximize its profit, which is given by π = 100Q - 200L - 300K. If the firm's current input prices are L = ₦100 and K = ₦200, and it wants to produce 100 units of output, what should be the optimal input combination?
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About This Question
This is Post Utme Aaua 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.
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