Post Utme Ui 2017 Commerce Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Ui Commerce examination.

Post Utme Ui 2017 Commerce Objective / Multiple Choice
Question 23 POST_UTME_UI • 2017 • COMMERCE • objective

A firm has a production function given by Q = 2L^0.5 + 3K^0.5, where Q is the quantity produced, L is labor and K is capital. If the firm has 100 units of labor and 200 units of capital, what is the marginal product of capital?

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Ui 2017 Commerce Question 23. It is one of the objective questions from the 2017 Post Utme Ui Commerce 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