Post Utme Covenant University 2024 Economics Question 36
Practice objective / multiple choice question 36 from the 2024 Post Utme Covenant University Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm's current labor and capital inputs are 100 units and 400 units respectively, what is the marginal product of labor (MPL) when the firm is producing at its current level of output?
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This is Post Utme Covenant University 2024 Economics Question 36. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.
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