Post Utme Afe Babalola University 2021 Economics Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice
Question 14 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 3L^0.5K^0.5, where Q is output, L is labor, and K is capital. What is the marginal product of labor?

Answer Options

Correct Answer A. MP_L = 1.5L^\( -0.5 \)K^0.5
B. MP_L = 1.5L^0.5K^\( -0.5 \)
C. MP_L = 1.5L^0.5K^0.5
D. MP_L = 1.5L^\( -0.5 \)K^\( -0.5 \)
Correct Answer
A
Correct Option:
MP_L = 1.5L^\( -0.5 \)K^0.5

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 14. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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