Post Utme Oau 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_OAU • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 3L^\( 2/3 \)K^\( 1/3 \), where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's current labor input is 27 units and capital input is 8 units, what is the firm's marginal product of labor?

Answer Options

A. 1 unit of output per unit of labor
B. 2 units of output per unit of labor
Correct Answer C. 3 units of output per unit of labor
D. 4 units of output per unit of labor
Correct Answer
C
Correct Option:
3 units of output per unit of labor

About This Question

This is Post Utme Oau 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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