Post Utme Lautech 2020 Economics Question 3
Practice objective / multiple choice question 3 from the 2020 Post Utme Lautech Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor and K is capital. If the firm's labor and capital are fixed at 100 units each, what is the value of its marginal product of labor?
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About This Question
This is Post Utme Lautech 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.
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