Post Utme Elizade University 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing a good u\sing a production function 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 capital (MPC) when L = 4 and K = 9?

Answer Options

A. ₦50
B. ₦100
Correct Answer C. ₦200
D. ₦300
Correct Answer
C
Correct Option:
₦200

About This Question

This is Post Utme Elizade University 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Elizade University Economics examination.

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