Post Utme Noun 2017 Economics Question 40
Practice objective / multiple choice question 40 from the 2017 Post Utme Noun Economics examination.
A firm is experiencing a shortage of labor due to a strike. The firm's production function is given by Q = 100L, where L is the number of labor hours. If the firm is currently producing 500 units of output, what is the opportunity \cost of hiring one more labor hour?
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About This Question
This is Post Utme Noun 2017 Economics Question 40. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.
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