Post Utme Abu 2022 Commerce Question 5
Practice objective / multiple choice question 5 from the 2022 Post Utme Abu Commerce examination.
A firm has a production function ( Q = 2L^2 + 3K ), where Q is the quantity produced, L is the number of labor hours, and K is the capital stock. If the firm's current capital stock is 100 units and the wage rate is ₦50 per hour, what is the firm's optimal labor input?
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About This Question
This is Post Utme Abu 2022 Commerce Question 5. It is one of the objective questions from the 2022 Post Utme Abu Commerce examination.
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