Post Utme Al Hikmah University 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2025 Economics Objective / Multiple Choice
Question 15 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ECONOMICS • objective

A firm has a production function F(L, K) = 10L^0.4K^0.6. U\sing the Cobb-Douglas production function, find the marginal product of labor and the marginal product of capital.

Answer Options

Correct Answer A. MP_L = 4L^0.2K^0.6, MP_K = 6L^0.4K^0.2
B. MP_L = 2L^0.2K^0.6, MP_K = 3L^0.4K^0.2
C. MP_L = 8L^0.2K^0.6, MP_K = 9L^0.4K^0.2
D. MP_L = 6L^0.2K^0.6, MP_K = 4L^0.4K^0.2
Correct Answer
A
Correct Option:
MP_L = 4L^0.2K^0.6, MP_K = 6L^0.4K^0.2

About This Question

This is Post Utme Al Hikmah University 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Economics examination.

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