Post Utme Pan Atlantic University 2021 Economics Question 38
Practice objective / multiple choice question 38 from the 2021 Post Utme Pan Atlantic University Economics examination.
A firm is producing two goods, X and Y, u\sing two inputs, labor (L) and capital (K). The production function for good X is given by QX = 10L^0.5K^0.5, and the production function for good Y is given by QY = 5L^0.2K^0.8. If the firm has 100 units of labor and 50 units of capital, what is the marginal product of labor for good Y?
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About This Question
This is Post Utme Pan Atlantic University 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Economics examination.
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