Post Utme Ims U 2017 Economics Question 26
Practice objective / multiple choice question 26 from the 2017 Post Utme Ims U Economics examination.
Consider a production function \( Q = f\( L, K \ \) ) where ( Q ) is the output, ( L ) is labor, and ( K ) is capital. If the marginal product of labor ( MPL ) is given by \( MPL = \frac{partial Q}{partial L} = 2L \), and the marginal product of capital ( MPK ) is given by \( MPK = \frac{partial Q}{partial K} = 3K \), what is the value of \( \frac{MPL}{MPK} \) when \( L = 4 \) and \( K = 5 \)?
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About This Question
This is Post Utme Ims U 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Ims U Economics examination.
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