Post Utme Covenant University 2022 Economics Question 2
Practice objective / multiple choice question 2 from the 2022 Post Utme Covenant University Economics examination.
A firm is producing a good with a production function Q = 2L^0.5 K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm is currently producing 100 units of output with 10 units of labor and 20 units of capital, what is the marginal product of labor?
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About This Question
This is Post Utme Covenant University 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.
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