Post Utme Igbinedion University 2018 Economics Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice
Question 4 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good u\sing two inputs, labor and capital. The production function is given by Q = 2L^0.5K^0.5. What is the marginal product of labor?

Answer Options

Correct Answer A. L^\( -0.5 \)K^0.5
B. L^0.5K^\( -0.5 \)
C. 2L^\( -0.5 \)K^0.5
D. 2L^0.5K^\( -0.5 \)
Correct Answer
A
Correct Option:
L^\( -0.5 \)K^0.5

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 4. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

View More Post Utme Igbinedion University 2018 Economics Questions More Post Utme Igbinedion University Practice Questions Back to Questions

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