Post Utme Delsu 2024 Economics Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Delsu Economics examination.

Post Utme Delsu 2024 Economics Objective / Multiple Choice
Question 36 POST_UTME_DELSU • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current input prices are w = ₦100 and r = ₦200, and it currently employs 4 units of labor and 9 units of capital, calculate the firm's current marginal product of labor.

Answer Options

Correct Answer A. 1.5
B. 2.5
C. 3.5
D. 4.5
Correct Answer
A
Correct Option:
1.5

About This Question

This is Post Utme Delsu 2024 Economics Question 36. It is one of the objective questions from the 2024 Post Utme Delsu Economics examination.

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