Waec Model Questions Vol1 2019 Economics Question 15
Practice objective / multiple choice question 15 from the 2019 Waec Model Questions Vol1 Economics examination.
A firm's production function for a single variable input (labour L) is \(Q = 10L - 0.5L^{2}\). The product sells for ₦50 per unit and the wage rate is ₦200 per labour unit. Determine the number of labour units that maximizes profit and compute the maximum profit.
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About This Question
This is Waec Model Questions Vol1 2019 Economics Question 15. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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