Post Utme Summit University 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Summit University Economics examination.

Post Utme Summit University 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ECONOMICS • objective

The production function for a firm is given by Q = 2L^0.5K^0.5. If the firm's current inputs are L = 16 and K = 9, what is the marginal product of labor?

Answer Options

Correct Answer A. 1.5
B. 2
C. 3
D. 4
Correct Answer
A
Correct Option:
1.5

About This Question

This is Post Utme Summit University 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Summit 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