Post Utme Joseph Ayo Babalola University 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's output is 100 units and the wage rate is ₦10 per hour, what is the firm's optimal level of labor?

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 Joseph Ayo Babalola University 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

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