Post Utme Aaua 2020 Economics Question 1
Practice objective / multiple choice question 1 from the 2020 Post Utme Aaua Economics examination.
Consider a production function given by \( Q = 100K^{\frac{1}{2}}L^{\frac{1}{2}} \), where ( Q ) is output, ( K ) is capital, and ( L ) is labor. If the marginal product of labor is 10, and the marginal product of capital is 5, what is the value of \( \frac{dQ}{dL} \) when \( K = 100 \) and \( L = 100 \)?
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About This Question
This is Post Utme Aaua 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Aaua Economics examination.
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