Post Utme Noun 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Noun Economics examination.

Post Utme Noun 2025 Economics Objective / Multiple Choice
Question 6 POST_UTME_NOUN • 2025 • ECONOMICS • objective

Consider a closed economy with a \single good, labor, and capital. If the production function is given by \( Y = 10K^{\frac{1}{2}}L^{\frac{1}{2}} \), where ( Y ) is output, ( K ) is capital, and ( L ) is labor, and the price of the good is \( P = 10 \), calculate the value of the marginal product of labor (MPL) when \( K = 100 \) and \( L = 100 \).

Answer Options

Correct Answer A. \( MPL = \frac{1}{2} \times 10^{\frac{1}{2}} \times 100^{-\frac{1}{2}} \)
B. \( MPL = \frac{1}{2} \times 10^{\frac{1}{2}} \times 100^{\frac{1}{2}} \)
C. \( MPL = \frac{1}{2} \times 10^{\frac{1}{2}} \times 100 \)
D. \( MPL = \frac{1}{2} \times 10 \times 100^{\frac{1}{2}} \)
Correct Answer
A
Correct Option:
\( MPL = \frac{1}{2} \times 10^{\frac{1}{2}} \times 100^{-\frac{1}{2}} \)

About This Question

This is Post Utme Noun 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Noun Economics examination.

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