Post Utme Elizade University 2019 Economics Question 11
Practice objective / multiple choice question 11 from the 2019 Post Utme Elizade University Economics examination.
The production function is given by Q = 2L^0.5K^0.5. If the price of labor \( P_L \) is ₦100 and the price of capital \( P_K \) is ₦200, what is the value of the marginal product of labor (MPL) when L = 4 and K = 9?
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About This Question
This is Post Utme Elizade University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Elizade University Economics examination.
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