Post Utme Caleb University 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 40 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the amount of labor used, and K is the amount of capital used. If the firm uses 100 units of labor and 100 units of capital, what is the marginal product of capital?

Answer Options

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

About This Question

This is Post Utme Caleb University 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support