Post Utme Greenfield University 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2025 Economics Objective / Multiple Choice
Question 19 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, calculate the marginal product of labor (MPL) when L = 10 units.

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Greenfield University 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Greenfield University Economics examination.

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