Post Utme Summit University 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Summit University Economics examination.

Post Utme Summit University 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ECONOMICS • objective

A farmer in Nigeria produces wheat u\sing a production function Q = 100L^0.5K^0.5, where L is labor and K is capital. What is the marginal product of labor?

Answer Options

Correct Answer A. \frac{50L^{0.5}K^{0.5}}{L}
B. \frac{50L^{0.5}K^{0.5}}{K}
C. \frac{50L^{0.5}K^{0.5}}{L + K}
D. \frac{50L^{0.5}K^{0.5}}{L - K}
Correct Answer
A
Correct Option:
\frac{50L^{0.5}K^{0.5}}{L}

About This Question

This is Post Utme Summit University 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.

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