Post Utme Caleb University 2019 Economics Question 5
Practice objective / multiple choice question 5 from the 2019 Post Utme Caleb University Economics examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm increases labor from 100 to 121 units, and capital from 100 to 121 units, what is the marginal product of labor?
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About This Question
This is Post Utme Caleb University 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.
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