Post Utme Afe Babalola University 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing at the point where its marginal product of labor (MPL) is equal to its wage rate (W). If the firm's total product of labor (TPL) is given by TPL = 10L^2 - 2L, what is the firm's average product of labor (APL)?

Answer Options

Correct Answer A. 10L - 2
B. 10L + 2
C. 10L - 1
D. 10L + 1
Correct Answer
A
Correct Option:
10L - 2

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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