Post Utme Covenant University 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_COVENANT_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current labor and capital inputs are 16 and 9 units respectively, what is the marginal product of labor?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 4
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Covenant University 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.

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