Post Utme Mountain Top University 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing a good with a production function Q = 2K^\( 1/2 \) L^\( 1/2 \), where K is capital and L is labor. If the firm's current input levels are K = 4 and L = 9, what is the marginal product of labor?

Answer Options

A. 1/3
Correct Answer B. 1/2
C. 2/3
D. 1
Correct Answer
B
Correct Option:
1/2

About This Question

This is Post Utme Mountain Top University 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.

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