Post Utme Igbinedion University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is producing a good with a production function \( Q = 2L^2 + 3K^2 \), where ( L ) is labor and ( K ) is capital. If the firm is currently producing 100 units of the good with 10 units of labor and 5 units of capital, what is the marginal product of labor?

Answer Options

Correct Answer A. 20
B. 30
C. 40
D. 50
Correct Answer
A
Correct Option:
20

About This Question

This is Post Utme Igbinedion University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Igbinedion University Economics examination.

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