Post Utme Christopher University 2017 Commerce Question 6
Practice objective / multiple choice question 6 from the 2017 Post Utme Christopher University Commerce examination.
A firm specializes in producing a single product, which is a combination of two inputs, labour and capital. If the production function is given by Q = 2L^(1/2)K^(1/2), where Q is the quantity produced, L is the units of labour, and K is the units of capital, what is the marginal product of labour (MPL) when L = 16 and K = 9?
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This is Post Utme Christopher University 2017 Commerce Question 6. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.
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