Post Utme Crawford University 2022 Commerce Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2022 Commerce Objective / Multiple Choice
Question 28 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • COMMERCE • objective

A producer's production function is given by the equation Q = 2L^0.5 * K^0.5. What is the marginal product of labor?

Answer Options

Correct Answer A. \frac{L^{0.5}}{2K^{0.5}}
B. \frac{2L^{0.5}K^{0.5}}{K}
C. \frac{2L^{0.5}K^{0.5}}{L}
D. \frac{L^{0.5}}{K^{0.5}}
Correct Answer
A
Correct Option:
\frac{L^{0.5}}{2K^{0.5}}

About This Question

This is Post Utme Crawford University 2022 Commerce Question 28. It is one of the objective questions from the 2022 Post Utme Crawford University Commerce examination.

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