Post Utme Esut 2025 Economics Question 24
Practice objective / multiple choice question 24 from the 2025 Post Utme Esut Economics examination.
A firm's production function is given by \( Q = 3L^{\frac{2}{3}}K^{\frac{1}{3}} \), where Q is output, L is labor, and K is capital. If the marginal product of labor is 10, and the price of labor is ₦75 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 24. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.
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