Post Utme Covenant University 2020 Economics Question 30
Practice objective / multiple choice question 30 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 capital?
Answer Options
About This Question
This is Post Utme Covenant University 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Covenant 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.