Post Utme Osustech 2023 Commerce Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Osustech Commerce examination.

Post Utme Osustech 2023 Commerce Objective / Multiple Choice
Question 34 POST_UTME_OSUSTECH • 2023 • COMMERCE • objective

A producer's production function is given by the equation Q = 2L^0.5K^0.5, where Q is output, L is labor and K is capital. What is the marginal product of labor?

Answer Options

A. Q = L^0.5K^0.5
B. Q = 2L^0.5K^0.5
Correct Answer C. Q = 2L^0.5
D. Q = 2K^0.5
Correct Answer
C
Correct Option:
Q = 2L^0.5

About This Question

This is Post Utme Osustech 2023 Commerce Question 34. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.

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