Post Utme Madonna University 2020 Economics Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice
Question 11 POST_UTME_MADONNA_UNIVERSITY • 2020 • 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 = 16 and K = 9, what is the marginal product of labor (MPL) at these input levels?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 4
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Madonna University 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Madonna University Economics examination.

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