Post Utme Rsu 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice

Question 15 POST_UTME_RSU • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. What is the correct explanation for the firm's decision to increase its labor input?

A. The firm is increa\sing its labor input to increase its output.

B. The firm is increa\sing its labor input to decrease its \costs.

Correct Answer C. The firm is increa\sing its labor input to increase its marginal product of labor.

D. The firm is increa\sing its labor input to decrease its marginal product of labor.

Correct Answer

Correct Option:

The firm is increa\sing its labor input to increase its marginal product of labor.

This is Post Utme Rsu 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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