Post Utme Lasu 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_LASU • 2017 • ECONOMICS • objective

A firm's production function is given by \( Q = 100K^0.5L^0.5 \), where Q is output, K is capital, and L is labor. If the firm's capital stock is 100 units and labor is 100 units, what is the marginal product of labor?

Answer Options

A. \( 0.5 \times 100^{0.5} \times L^{-0.5} \)
Correct Answer B. \( 0.5 \times 100^{0.5} \times L^{0.5} \)
C. \( 100^{0.5} \times L^{0.5} \)
D. \( 100^{0.5} \times L^{-0.5} \)
Correct Answer
B
Correct Option:
\( 0.5 \times 100^{0.5} \times L^{0.5} \)

About This Question

This is Post Utme Lasu 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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