Post Utme Aaua 2022 Economics Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice
Question 38 POST_UTME_AAUA • 2022 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market. The firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is the quantity produced, L is labor, and K is capital. If the firm's current labor and capital inputs are L = 4 and K = 9, respectively, what is the firm's marginal product of labor (MPL) when the firm is producing at its current level of output?

Answer Options

Correct Answer A. \( MPL = \frac{1}{2}L^{-1/2}K^{1/2} \)
B. \( MPL = \frac{1}{2}L^{1/2}K^{-1/2} \)
C. \( MPL = L^{1/2}K^{1/2} \)
D. \( MPL = L^{-1/2}K^{1/2} \)
Correct Answer
A
Correct Option:
\( MPL = \frac{1}{2}L^{-1/2}K^{1/2} \)

About This Question

This is Post Utme Aaua 2022 Economics Question 38. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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