Post Utme Lead City University 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

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

Answer Options

A. MP_L = 1/L
B. MP_L = 1/K
C. MP_L = 2K^0.5
Correct Answer D. MP_L = 2L^0.5
Correct Answer
D
Correct Option:
MP_L = 2L^0.5

About This Question

This is Post Utme Lead City University 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.

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