Post Utme Madonna University 2025 Commerce Question 1
Practice objective / multiple choice question 1 from the 2025 Post Utme Madonna University Commerce examination.
Determine the optimal production level for a firm with a production function Q = 100L^0.5, where L is labor, and a market demand function P = 100 - Q, where P is price. Assuming a constant wage rate of ₦500 per unit of labor, find the profit-maximizing level of production.
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About This Question
This is Post Utme Madonna University 2025 Commerce Question 1. It is one of the objective questions from the 2025 Post Utme Madonna University Commerce examination.
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