Post Utme Bowen University 2021 Commerce Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2021 Commerce Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2021 • COMMERCE • objective

A company has a production function given by ( Q = 2L^2 + 3K ). If the price of labor is ( rac{dL}{dP} = 10 ) and the price of capital is ( rac{dK}{dP} = 5 ), what is the marginal product of labor?

Answer Options

Correct Answer A. ( MP_L = 4L )
B. ( MP_L = 6L )
C. ( MP_L = 8L )
D. ( MP_L = 10L )
Correct Answer
A
Correct Option:
( MP_L = 4L )

About This Question

This is Post Utme Bowen University 2021 Commerce Question 12. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.

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