Post Utme Eksu 2024 Commerce Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Eksu Commerce examination.

Post Utme Eksu 2024 Commerce Objective / Multiple Choice
Question 34 POST_UTME_EKSU • 2024 • COMMERCE • objective

A company has the following production function: Q = 10L^0.5K^0.5. Determine the marginal product of labor.

Answer Options

Correct Answer A. MP_L = 5L^{-0.5}K^{0.5}
B. MP_L = 5L^{0.5}K^{-0.5}
C. MP_L = 10L^{-0.5}K^{0.5}
D. MP_L = 10L^{0.5}K^{-0.5}
Correct Answer
A
Correct Option:
MP_L = 5L^{-0.5}K^{0.5}

About This Question

This is Post Utme Eksu 2024 Commerce Question 34. It is one of the objective questions from the 2024 Post Utme Eksu Commerce examination.

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