Post Utme Unilag 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_UNILAG • 2023 • ECONOMICS • objective

A farmer in Nigeria produces maize and soybeans. The production function for maize is Q = 1000 + 20L - 0.5L^2, where Q is the quantity of maize produced and L is the labor used. If the farmer uses 100 units of labor, how many units of maize will be produced?

Answer Options

A. 900
Correct Answer B. 1000
C. 1100
D. 1200
Correct Answer
B
Correct Option:
1000

About This Question

This is Post Utme Unilag 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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