Post Utme Futo 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_FUTO • 2024 • ECONOMICS • objective

A firm's production function is given by \( Q = 10L^{0.5}K^{0.5} \), where ( L ) is labor and ( K ) is capital. If the firm's current labor and capital inputs are 4 and 9 respectively, calculate the marginal product of labor.

Answer Options

A. 2.5
Correct Answer B. 5
C. 7.5
D. 10
Correct Answer
B
Correct Option:
5

About This Question

This is Post Utme Futo 2024 Economics Question 15. It is one of the objective questions from the 2024 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