Post Utme Afe Babalola University 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 34 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is \( Q = f\( L \ \) = 3L^2 ). If the firm's revenue function is \( R = 20Q \) and the wage rate is \( W = 10 \), calculate the firm's profit-maximizing output level.

Answer Options

A. \( Q = 10 \)
Correct Answer B. \( Q = 20 \)
C. \( Q = 30 \)
D. \( Q = 40 \)
Correct Answer
B
Correct Option:
\( Q = 20 \)

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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