Post Utme Futa 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A firm is producing a good u\sing two inputs, labor and capital. The production function is given by Q = 2L^0.5K^0.5. What is the marginal product of labor (MPL) when L = 4 and K = 9?

Answer Options

A. MPL = 1.5
Correct Answer B. MPL = 2.5
C. MPL = 3.5
D. MPL = 4.5
Correct Answer
B
Correct Option:
MPL = 2.5

About This Question

This is Post Utme Futa 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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