Post Utme Babcock University 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice
Question 34 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm is currently producing 16 units of output u\sing 4 units of labor and 4 units of capital, what is the firm's marginal product of labor?

Answer Options

A. 1
Correct Answer B. 2
C. 4
D. 8
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Babcock University 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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