Post Utme Crawford University 2017 Economics Question 35
Practice objective / multiple choice question 35 from the 2017 Post Utme Crawford University Economics examination.
A firm is faced with a production function of Q = 2L^2, where Q is the quantity produced and L is the number of units of labor. If the firm's budget constraint is ₦100,000 and the wage rate is ₦20,000, what will be the optimal number of units of labor to hire?
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About This Question
This is Post Utme Crawford University 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.
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