Post Utme Esut 2023 Commerce Question 36
Practice objective / multiple choice question 36 from the 2023 Post Utme Esut Commerce examination.
A firm specializes in producing a single product. If the firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the number of labor hours, and K is the amount of capital invested, what is the marginal product of labor (MPL) when L = 16 and K = 9?
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About This Question
This is Post Utme Esut 2023 Commerce Question 36. It is one of the objective questions from the 2023 Post Utme Esut Commerce examination.
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