Post Utme Madonna University 2022 Commerce Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2022 Commerce Objective / Multiple Choice
Question 39 POST_UTME_MADONNA_UNIVERSITY • 2022 • COMMERCE • objective

A firm's production function is given by Q = 2L + 3K, where Q is the quantity produced, L is the number of labor hours, and K is the amount of capital. If the firm is currently producing 10 units of output with 5 labor hours and 2 units of capital, what is the marginal product of labor?

Answer Options

A. 2
Correct Answer B. 3
C. 4
D. 5
Correct Answer
B
Correct Option:
3

About This Question

This is Post Utme Madonna University 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Madonna University Commerce examination.

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