Post Utme Futa 2021 Economics Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice
Question 14 POST_UTME_FUTA • 2021 • ECONOMICS • objective

A firm is producing a good u\sing a production function given by Q = 2L^0.5K^0.5, where Q is the quantity of the good produced, L is the amount of labor used, and K is the amount of capital used. If the firm uses 100 units of labor and 200 units of capital, what is the marginal product of labor?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 4
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Futa 2021 Economics Question 14. It is one of the objective questions from the 2021 Post Utme Futa Economics examination.

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