Post Utme Abu 2017 Economics Question 21
Practice objective / multiple choice question 21 from the 2017 Post Utme Abu Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor (L) increases by 20% and the price of capital (K) remains cons\tant, what is the new value of the marginal product of labor (MPL)?
Answer Options
About This Question
This is Post Utme Abu 2017 Economics Question 21. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.