Post Utme Igbinedion University 2025 Economics Question 24
Practice objective / multiple choice question 24 from the 2025 Post Utme Igbinedion University Economics examination.
A firm has a revenue function R = 100L + 200K, where R is the revenue, L is the labor and K is the capital. If the firm wants to maximize its revenue, what is the optimal combination of labor and capital?
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This is Post Utme Igbinedion University 2025 Economics Question 24. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.
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