Post Utme Unn 2025 Commerce Question 30
Practice objective / multiple choice question 30 from the 2025 Post Utme Unn Commerce examination.
A firm's profit function is given by π = 100L + 200K - 100 - 2L - 3K. If the price of labor (L) is 10 per unit and the price of capital (K) is 20 per unit, and the firm wants to maximize its profit, what is the optimal level of labor (L) and capital (K)?
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This is Post Utme Unn 2025 Commerce Question 30. It is one of the objective questions from the 2025 Post Utme Unn Commerce examination.
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