Post Utme Achievers University 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ECONOMICS • objective

A firm has a production function given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm has 100 units of labor and 50 units of capital, what is the marginal product of labor?

Answer Options

A. 0.5
Correct Answer B. 1
C. 1.5
D. 2
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Achievers University 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.

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