Post Utme Madonna University 2020 Economics Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice
Question 5 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

Correct Answer A. \frac{L^{0.5}K^{0.5}}{2L}
B. \frac{L^{0.5}K^{0.5}}{2K}
C. \frac{L^{0.5}K^{0.5}}{2}
D. \frac{L^{0.5}K^{0.5}}{2L^2}
Correct Answer
A
Correct Option:
\frac{L^{0.5}K^{0.5}}{2L}

About This Question

This is Post Utme Madonna University 2020 Economics Question 5. It is one of the objective questions from the 2020 Post Utme Madonna University Economics examination.

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