Waec Model Questions Vol1 2025 Economics Question 3

Practice objective / multiple choice question 3 from the 2025 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 3 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

A firm's total product schedule (output in units) for labour L is given below: L : 0 1 2 3 4 5 6 7 TP: 0 40 78 112 140 160 170 175 The price of output is ₦200 per unit and the wage rate is ₦6,000 per worker. Determine the number of workers the firm should employ to maximise profit.

Answer Options

A. 2
B. 4
C. 5
Correct Answer D. 3
Correct Answer
D
Correct Option:
3

About This Question

This is Waec Model Questions Vol1 2025 Economics Question 3. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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