Post Utme Summit University 2024 Commerce Question 18
Practice objective / multiple choice question 18 from the 2024 Post Utme Summit University Commerce examination.
A firm is producing a good with a production function of Q = 2L + 3K, where L is labor and K is capital. If the price of labor is ₦10 per hour and the price of capital is ₦20 per unit, and the firm is currently producing 100 units of the good, what is the marginal product of labor?
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About This Question
This is Post Utme Summit University 2024 Commerce Question 18. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.
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