Post Utme Achievers University 2024 Economics Question 40
Practice objective / multiple choice question 40 from the 2024 Post Utme Achievers University Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor, and K is capital. If the firm's current labor and capital inputs are L = 16 and K = 9, respectively, what is the marginal product of labor (MPL) when L = 16?
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About This Question
This is Post Utme Achievers University 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.
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