Post Utme Crawford University 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor, and K is capital. If the firm's labor and capital are fixed at 16 and 9 respectively, what is the marginal product of labor?

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Crawford University 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

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