Post Utme Bowen University 2024 Commerce Question 19
Practice objective / multiple choice question 19 from the 2024 Post Utme Bowen University Commerce examination.
A firm is considering expanding its production capacity. The firm's production function is given by ( Q = 2L^0.5K^{0.25} ), where Q is the quantity produced, L is the labor input, and K is the capital input. The firm has 100 units of labor and 150 units of capital. What is the marginal product of labor?
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About This Question
This is Post Utme Bowen University 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Bowen University Commerce examination.
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