Post Utme Bells University 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Bells University Economics examination.

Post Utme Bells University 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_BELLS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm produces two goods, A and B, u\sing two inputs, labor and capital. The production function for good A is given by Q_A = 2L^0.5K^0.5, where Q_A is the quantity of good A produced, L is the amount of labor used, and K is the amount of capital used. If the firm uses 4 units of labor and 9 units of capital, what is the marginal product of labor?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 4
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Bells University 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Bells University Economics examination.

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