Post Utme Ims U 2018 Economics Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 9 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

Consider a firm that operates in a perfectly competitive market. If the firm's production function is given by Q = 2L^0.5 and the market wage rate is ₦50 per hour, what is the firm's optimal labor input?

Answer Options

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

About This Question

This is Post Utme Ims U 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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