Post Utme Uniosun 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice
Question 39 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

A firm has a production function given by Q = 3L^\( 1/3 \)K^\( 2/3 \). If the price of the good is $15 and the wage rate is $10 per hour, what is the optimal level of labor (L) to maximize profits?

Answer Options

A. 4
Correct Answer B. 8
C. 16
D. 32
Correct Answer
B
Correct Option:
8

About This Question

This is Post Utme Uniosun 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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