Post Utme Madonna University 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's marginal revenue product of labor is given by MRP_L = 100L - 2L^2. If the firm hires 5 units of labor, what is the marginal revenue product of the 6th unit of labor?

Answer Options

Correct Answer A. 480
B. 500
C. 520
D. 540
Correct Answer
A
Correct Option:
480

About This Question

This is Post Utme Madonna University 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support