Post Utme Futa 2024 Economics Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 39 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm's current labor and capital inputs are 4 and 9 units respectively, what is the marginal product of capital (MPK) when L = 4?

Answer Options

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

About This Question

This is Post Utme Futa 2024 Economics Question 39. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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