Post Utme Summit University 2020 Economics Question 39
Practice objective / multiple choice question 39 from the 2020 Post Utme Summit University Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where L is labor and K is capital. If the firm's current labor and capital inputs are L = 16 and K = 9, respectively, what is the firm's marginal product of labor (MPL) when the firm is producing at the given input levels?
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About This Question
This is Post Utme Summit University 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.
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