Post Utme Noun 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_NOUN • 2019 • ECONOMICS • objective

A firm's production function is Q = 2L + 3K. The firm has 10 units of labor and 5 units of capital. Find the firm's marginal product of labor and marginal product of capital.

Answer Options

Correct Answer A. Marginal Product of Labor = 2, Marginal Product of Capital = 3
B. Marginal Product of Labor = 3, Marginal Product of Capital = 2
C. Marginal Product of Labor = 4, Marginal Product of Capital = 1
D. Marginal Product of Labor = 1, Marginal Product of Capital = 4
Correct Answer
A
Correct Option:
Marginal Product of Labor = 2, Marginal Product of Capital = 3

About This Question

This is Post Utme Noun 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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