Post Utme Ui 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice

Question 16 POST_UTME_UI • 2018 • ECONOMICS • objective

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 16 and 9 respectively, what is the marginal product of labor?

Correct Answer A. 4L^\( -1/2 \)K^\( 1/2 \)

B. 2L^\( -1/2 \)K^\( -1/2 \)

C. 8L^\( -1/2 \)K^\( -1/2 \)

D. 6L^\( -1/2 \)K^\( -1/2 \)

Correct Answer

Correct Option:

4L^\( -1/2 \)K^\( 1/2 \)

This is Post Utme Ui 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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