Post Utme Redeemers University 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current output is 16 units and the current input of labor is 4 units, what is the marginal product of labor?

Answer Options

A. 2 units
Correct Answer B. 4 units
C. 8 units
D. 16 units
Correct Answer
B
Correct Option:
4 units

About This Question

This is Post Utme Redeemers University 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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