Post Utme Bsu 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Bsu Economics examination.

Post Utme Bsu 2022 Economics Objective / Multiple Choice

Question 39 POST_UTME_BSU • 2022 • ECONOMICS • objective

Suppose a firm is producing a good with a production function Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's current labor input is 16 units and capital input is 9 units, what is the marginal product of labor (MPL) when the firm is producing at this level of inputs?

Correct Answer A. \( MPL = \frac{1}{2}K^0.5 \)

B. \( MPL = \frac{1}{2}L^0.5 \)

C. \( MPL = 2L^0.5K^0.5 \)

D. \( MPL = 2K^0.5 \)

Correct Answer

Correct Option:

\( MPL = \frac{1}{2}K^0.5 \)

This is Post Utme Bsu 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Bsu Economics examination.

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