Post Utme Covenant University 2020 Economics Question 26
Practice objective / multiple choice question 26 from the 2020 Post Utme Covenant University Economics examination.
A firm is producing a good u\sing a production function Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and the firm is currently producing 10 units of the good, what is the marginal product of labor?
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About This Question
This is Post Utme Covenant University 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Covenant University Economics examination.
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