Post Utme Lasu 2020 Commerce Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Lasu Commerce examination.

Post Utme Lasu 2020 Commerce Objective / Multiple Choice
Question 15 POST_UTME_LASU • 2020 • COMMERCE • objective

A company's profit function is given by π = 20Q - 2L - 3K. If the company's current output is 10 units, labor is 4 units, and capital is 6 units, what is the profit?

Answer Options

A. 80
B. 100
Correct Answer C. 120
D. 140
Correct Answer
C
Correct Option:
120

About This Question

This is Post Utme Lasu 2020 Commerce Question 15. It is one of the objective questions from the 2020 Post Utme Lasu Commerce examination.

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