Post Utme Uniosun 2025 Economics Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2025 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNIOSUN • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K, where L is labor and K is capital. If the firm's marginal product of labor (MPL) is 2 and the wage rate is ₦50 per hour, what is the optimal level of labor?

Answer Options

A. 10 hours
Correct Answer B. 20 hours
C. 30 hours
D. 40 hours
Correct Answer
B
Correct Option:
20 hours

About This Question

This is Post Utme Uniosun 2025 Economics Question 29. It is one of the objective questions from the 2025 Post Utme Uniosun Economics examination.

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