Post Utme Rsu 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice

Question 37 POST_UTME_RSU • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm's current input levels are L = 16 and K = 9, what is the marginal product of labor (MPL) and the marginal product of capital (MPK)?

Correct Answer A. MPL = 0.5, MPK = 0.25

B. MPL = 0.25, MPK = 0.5

C. MPL = 0.5, MPK = 1

D. MPL = 1, MPK = 0.5

Correct Answer

Correct Option:

MPL = 0.5, MPK = 0.25

This is Post Utme Rsu 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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