Post Utme Skyline University 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is producing at a point on its production function where the marginal product of labor is 4 and the marginal product of capital is 3. If the firm increases its labor input by 1 unit, what will be the change in output?

Answer Options

A. 3
Correct Answer B. 4
C. 5
D. 6
Correct Answer
B
Correct Option:
4

About This Question

This is Post Utme Skyline University 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Skyline University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support