Post Utme Oau 2017 Economics Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice

Question 6 POST_UTME_OAU • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5 + 3K^0.5. If the firm's current input levels are L = 4 and K = 9, calculate the marginal product of labor (MPL) and marginal product of capital (MPK).

Correct Answer A. MPL = 0.3536, MPK = 0.1768

B. MPL = 0.1768, MPK = 0.3536

C. MPL = 0.3536, MPK = 0.3536

D. MPL = 0.1768, MPK = 0.1768

Correct Answer

Correct Option:

MPL = 0.3536, MPK = 0.1768

This is Post Utme Oau 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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