Post Utme Futo 2020 Commerce Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Futo Commerce examination.

Post Utme Futo 2020 Commerce Objective / Multiple Choice
Question 40 POST_UTME_FUTO • 2020 • COMMERCE • objective

A firm's profit function is given by π = 100x - 2x^2 - 100 - 20L - 5K. If the firm wants to maximize its profits, what is the optimal level of production?

Answer Options

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

About This Question

This is Post Utme Futo 2020 Commerce Question 40. It is one of the objective questions from the 2020 Post Utme Futo Commerce examination.

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