Post Utme Coal City University 2025 Commerce Question 11
Practice objective / multiple choice question 11 from the 2025 Post Utme Coal City University Commerce examination.
A firm specializes in the production of a single good, which is sold in a competitive market. The firm's production function is given by Q = 100L^0.5, where Q is the quantity produced and L is the labor input. If the wage rate is ₦100 per hour, what is the firm's optimal labor input?
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About This Question
This is Post Utme Coal City University 2025 Commerce Question 11. It is one of the objective questions from the 2025 Post Utme Coal City University Commerce examination.
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