Post Utme Oau 2023 Economics Question 14
Practice objective / multiple choice question 14 from the 2023 Post Utme Oau Economics examination.
A firm is considering two production techno\logies: a traditional techno\logy with a production function Q = 2L^0.5K^0.5 and a new techno\logy with a production function Q = 3L^0.7K^0.3. If the firm's current input levels are L = 4 and K = 9, which techno\logy has a higher marginal product of labor (MPL)?
Answer Options
About This Question
This is Post Utme Oau 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.