Post Utme Bsu 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice

Question 38 POST_UTME_BSU • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor (L) is ₦50 per unit and the price of capital (K) is ₦100 per unit, calculate the marginal product of labor (MPL) and the marginal product of capital (MPK).

A. MPL = 0.5, MPK = 0.5

Correct Answer B. MPL = 0.5, MPK = 1

C. MPL = 1, MPK = 0.5

D. MPL = 1, MPK = 1

Correct Answer

Correct Option:

MPL = 0.5, MPK = 1

This is Post Utme Bsu 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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