Post Utme Osustech 2025 Economics Question 1
Practice objective / multiple choice question 1 from the 2025 Post Utme Osustech Economics examination.
Consider a firm operating in a perfectly competitive market with a given production function Q = 2L^0.5K^0.5. If the price of the product is P = 100, and the wage rate is W = 20, what is the optimal level of labor (L) that the firm should hire to maximize its profit?
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About This Question
This is Post Utme Osustech 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Osustech Economics examination.
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