Post Utme Redeemers University 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

A firm has a production function given by Q = 10L^0.5K^0.5, where L is labor and K is capital. If the firm's current labor and capital inputs are 100 and 400 respectively, what is the marginal product of labor?

Answer Options

A. 0.25
Correct Answer B. 0.5
C. 1
D. 2
Correct Answer
B
Correct Option:
0.5

About This Question

This is Post Utme Redeemers University 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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