Post Utme Summit University 2019 Economics Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Summit University Economics examination.

Post Utme Summit University 2019 Economics Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 100K^0.5L^0.5. What is the firm's marginal product of labor?

Answer Options

Correct Answer A. \frac{1}{2} \left\( \frac{Q}{L} \right \)^{0.5}
B. \frac{1}{2} \left\( \frac{Q}{K} \right \)^{0.5}
C. \frac{1}{2} \left\( \frac{K}{L} \right \)^{0.5}
D. \frac{1}{2} \left\( \frac{L}{K} \right \)^{0.5}
Correct Answer
A
Correct Option:
\frac{1}{2} \left\( \frac{Q}{L} \right \)^{0.5}

About This Question

This is Post Utme Summit University 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.

View More Post Utme Summit University 2019 Economics Questions More Post Utme Summit University Practice Questions Back to Questions

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