Post Utme Elizade University 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_ELIZADE_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 current labor and capital inputs are 4 and 9 respectively, what is the marginal product of capital?

Answer Options

A. \( \frac{1}{2}L^{1/2}K^{-1/2} \)
B. \( L^{1/2}K^{1/2} \)
Correct Answer C. \( 2L^{1/2}K^{-1/2} \)
D. \( 4L^{-1/2}K^{1/2} \)
Correct Answer
C
Correct Option:
\( 2L^{1/2}K^{-1/2} \)

About This Question

This is Post Utme Elizade University 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

View More Post Utme Elizade University 2018 Economics Questions More Post Utme Elizade University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support