Post Utme Babcock University 2023 Economics Question 22
Practice objective / multiple choice question 22 from the 2023 Post Utme Babcock University Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦50 per unit, and the firm is currently producing 100 units of output, what is the value of the marginal product of labor?
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About This Question
This is Post Utme Babcock University 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.
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