Post Utme Madonna University 2021 General Studies Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Madonna University General Studies examination.

Post Utme Madonna University 2021 General Studies Objective / Multiple Choice
Question 38 POST_UTME_MADONNA_UNIVERSITY • 2021 • GENERAL STUDIES • objective

A firm's production function is given by the equation Q = 2L^0.5 + 3K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm is currently producing 10 units of output with 4 units of labor and 9 units of capital, what is the marginal product of labor?

Answer Options

Correct Answer A. 1.5
B. 2.5
C. 3.5
D. 4.5
Correct Answer
A
Correct Option:
1.5

About This Question

This is Post Utme Madonna University 2021 General Studies Question 38. It is one of the objective questions from the 2021 Post Utme Madonna University General Studies examination.

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