Post Utme Skyline University 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 100K^\( 1/2 \)L^\( 1/2 \). If the firm's output is 100 units when K = 16 and L = 16, what is the marginal product of labor (MPL) when K = 16 and L = 16?

Answer Options

Correct Answer A. 2.5
B. 5
C. 10
D. 20
Correct Answer
A
Correct Option:
2.5

About This Question

This is Post Utme Skyline University 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Skyline University Economics examination.

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