Post Utme Bsu 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Bsu Economics examination.

Post Utme Bsu 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_BSU • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, calculate the marginal product of labor.

Answer Options

A. 5 units of output
Correct Answer B. 10 units of output
C. 15 units of output
D. 20 units of output
Correct Answer
B
Correct Option:
10 units of output

About This Question

This is Post Utme Bsu 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Bsu Economics examination.

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