Post Utme Bells University 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Bells University Economics examination.

Post Utme Bells University 2022 Economics Objective / Multiple Choice
Question 11 POST_UTME_BELLS_UNIVERSITY • 2022 • ECONOMICS • objective

Consider a production function given by \( Q = 100K^{\frac{1}{3}}L^{\frac{2}{3}} \), where Q is the output, K is the capital, and L is the labor. If the marginal product of capital is 20, what is the value of the marginal product of labor?

Answer Options

Correct Answer A. 40
B. 60
C. 80
D. 100
Correct Answer
A
Correct Option:
40

About This Question

This is Post Utme Bells University 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Bells University Economics examination.

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