Post Utme Mountain Top University 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 3L^0.7K^0.3, where Q is output, L is labor, and K is capital. If the firm is currently u\sing 150 units of labor and 50 units of capital, what is the marginal product of capital?

Answer Options

Correct Answer A. 0.3
B. 0.5
C. 0.7
D. 1
Correct Answer
A
Correct Option:
0.3

About This Question

This is Post Utme Mountain Top University 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Mountain Top University Economics examination.

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