Post Utme Esut 2025 Economics Question 21
Practice objective / multiple choice question 21 from the 2025 Post Utme Esut Economics examination.
Consider a production function given by \( Q = 100K^{\frac{1}{3}}L^{\frac{2}{3}} \), where Q is output, K is capital, and L is labor. If the marginal product of labor is 20, and the price of labor is ₦100 per unit, what is the optimal level of labor to maximize profits?
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About This Question
This is Post Utme Esut 2025 Economics Question 21. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.
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