Post Utme Ims U 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 10 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

A firm faces a production function given by Q = 2L^0.5 and a market wage rate of ₦50 per hour. If the firm's objective is to maximize profits, what is the optimal labor input?

Answer Options

A. \( L = 10 \)
B. \( L = 20 \)
Correct Answer C. \( L = 30 \)
D. \( L = 40 \)
Correct Answer
C
Correct Option:
\( L = 30 \)

About This Question

This is Post Utme Ims U 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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