Post Utme Crawford University 2017 Commerce Question 12
Practice objective / multiple choice question 12 from the 2017 Post Utme Crawford University Commerce examination.
A company has two factories, A and B, producing the same product. Factory A has a production function Q_A = 2L_A^(1/2)K_A^(1/2), while factory B has a production function Q_B = 2L_B^(1/2)K_B^(1/2). If factory A produces 100 units of output with 10 units of labor and 10 units of capital, and factory B produces 100 units of output with 5 units of labor and 20 units of capital, which factory has a higher marginal product of labor?
Answer Options
About This Question
This is Post Utme Crawford University 2017 Commerce Question 12. It is one of the objective questions from the 2017 Post Utme Crawford University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.