Post Utme Afe Babalola University 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is producing a good with a production function Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the price of labor is 10 and the price of capital is 20, and the firm wants to maximize its profit, what will be the marginal product of labor?

Answer Options

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

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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