Post Utme Lead City University 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2021 Economics Objective / Multiple Choice

Question 12 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

U\sing the Cobb-Douglas production function, derive the marginal product of labor (MPL) and explain its relationship with the marginal product of capital (MPK).

Answer Options

A. MPL = bQ/K

B. MPK = aQ/L

Correct Answer C. MPL = bQ/L

D. MPK = aQ/K

Correct Answer

Correct Option:

MPL = bQ/L

About This Question

This is Post Utme Lead City University 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Lead City University Economics examination.

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