Post Utme Madonna University 2018 Economics Question 2
Practice objective / multiple choice question 2 from the 2018 Post Utme Madonna University Economics examination.
A firm has a production function \( Q = 2L^{0.5}K^{0.5} \). If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm is currently producing 100 units of output, what is the value of the marginal product of labor?
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About This Question
This is Post Utme Madonna University 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Madonna University Economics examination.
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