Post Utme Joseph Ayo Babalola University 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. What is the marginal product of labor?

Answer Options

A. \frac{L^{0.5}K^{0.5}}{L}
B. \frac{L^{0.5}K^{0.5}}{K}
Correct Answer C. \frac{2L^{0.5}K^{0.5}}{L}
D. \frac{2L^{0.5}K^{0.5}}{K}
Correct Answer
C
Correct Option:
\frac{2L^{0.5}K^{0.5}}{L}

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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