Post Utme Lautech 2025 Commerce Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Lautech Commerce examination.

Post Utme Lautech 2025 Commerce Objective / Multiple Choice
Question 10 POST_UTME_LAUTECH • 2025 • COMMERCE • objective

A firm's production function is given by the equation Q = 2L^2 + 5L + 10, where Q is the quantity of output and L is the quantity of labor. If the firm's wage rate is 20 per hour, and the firm wants to maximize its profit, then it should hire

Answer Options

A. 10 units of labor
Correct Answer B. 20 units of labor
C. 30 units of labor
D. 40 units of labor
Correct Answer
B
Correct Option:
20 units of labor

About This Question

This is Post Utme Lautech 2025 Commerce Question 10. It is one of the objective questions from the 2025 Post Utme Lautech Commerce examination.

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