Post Utme Greenfield University 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice
Question 25 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm has 4 units of labor and 9 units of capital, what is the marginal product of labor?

Answer Options

A. 0.5
B. 1
Correct Answer C. 2
D. 3
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Greenfield University 2018 Economics Question 25. It is one of the objective questions from the 2018 Post Utme Greenfield University 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