Post Utme Aaua 2023 Commerce Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Aaua Commerce examination.

Post Utme Aaua 2023 Commerce Objective / Multiple Choice
Question 3 POST_UTME_AAUA • 2023 • COMMERCE • objective

A firm has a budget constraint ( 2L + 3K = 100 ), where ( L ) is labor and ( K ) is capital. If the firm wants to maximize profit, which of the following combinations of labor and capital will it choose?

Answer Options

Correct Answer A. ( L = 20, K = 30 )
B. ( L = 30, K = 20 )
C. ( L = 40, K = 10 )
D. ( L = 10, K = 40 )
Correct Answer
A
Correct Option:
( L = 20, K = 30 )

About This Question

This is Post Utme Aaua 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Aaua Commerce examination.

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