Post Utme Uniport 2018 Commerce Question 10
Practice objective / multiple choice question 10 from the 2018 Post Utme Uniport Commerce examination.
A company's profit function is given by π = 100P - 2P^2 - 100 - 2L - 3K, where π is the profit, P is the price, L is the labor input, and K is the capital input. If the company increases labor input from 50 to 60 units and capital input from 50 to 60 units, what is the percentage change in the profit?
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About This Question
This is Post Utme Uniport 2018 Commerce Question 10. It is one of the objective questions from the 2018 Post Utme Uniport Commerce examination.
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