Post Utme Greenfield University 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current labor and capital inputs are L = 16 and K = 9, find the marginal product of labor.

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 Greenfield University 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Greenfield University Economics examination.

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