Post Utme Pan Atlantic University 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where L is labor and K is capital. If the firm's current labor and capital inputs are L = 16 and K = 9, respectively, what is the firm's marginal product of labor?

Answer Options

Correct Answer A. 1
B. 2
C. 3
D. 4
Correct Answer
A
Correct Option:
1

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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