Post Utme Futo 2021 Economics Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 16 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor and K is capital. If the firm's labor and capital are 100 units each, what is the marginal product of labor?

Answer Options

Correct Answer A. 50
B. 100
C. 200
D. 500
Correct Answer
A
Correct Option:
50

About This Question

This is Post Utme Futo 2021 Economics Question 16. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support