Post Utme Lasu 2023 Commerce Question 10
Practice objective / multiple choice question 10 from the 2023 Post Utme Lasu Commerce examination.
A company is considering setting up a sole trader business. The company's accountant has estimated that the profit of the business will be given by the equation ( P = 1000L - 200K ), where P is the profit, L is the labor input, and K is the capital input. If the company wants to maximize its profits, what is the minimum amount of capital it must have to produce 100 units of the commodity?
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About This Question
This is Post Utme Lasu 2023 Commerce Question 10. It is one of the objective questions from the 2023 Post Utme Lasu Commerce examination.
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