Post Utme Coal City University 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^2 + 5L. If the wage rate is ₦100 per hour, find the profit-maximizing level of labor.

Answer Options

A. L = 2 hours
B. L = 5 hours
Correct Answer C. L = 10 hours
D. L = 15 hours
Correct Answer
C
Correct Option:
L = 10 hours

About This Question

This is Post Utme Coal City University 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Coal City University Economics examination.

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