Post Utme Uniben 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Uniben Economics examination.

Post Utme Uniben 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNIBEN • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where L is labor and K is capital. If the firm's current labor and capital inputs are 16 and 9 units respectively, what is the marginal product of labor?

Answer Options

A. 0.5
B. 1
Correct Answer C. 2
D. 4
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Uniben 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.

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