Post Utme Lead City University 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2023 Economics Objective / Multiple Choice

Question 38 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current input levels are L = 4 and K = 9, then the firm's marginal product of labor (MPL) is:

Answer Options

Correct Answer A. 0.5

B. 1

C. 2

D. 3

Correct Answer

Correct Option:

0.5

About This Question

This is Post Utme Lead City University 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Lead City University Economics examination.

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