Post Utme Bsu 2020 Economics Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice
Question 33 POST_UTME_BSU • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 3L^0.7H^0.3, where Q is output, L is labor, and H is capital. If the firm's current labor and capital inputs are 8 and 16 units respectively, what is the marginal product of capital (MPH) when L = 8?

Answer Options

A. 0.5
B. 1
Correct Answer C. 1.5
D. 2
Correct Answer
C
Correct Option:
1.5

About This Question

This is Post Utme Bsu 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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