Post Utme Unilag 2024 Economics Question 5
Practice objective / multiple choice question 5 from the 2024 Post Utme Unilag Economics examination.
A country's agricultural sector is given by the following production function: Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the country's current labor and capital inputs are L = 6 and K = 16, respectively, what is the marginal product of labor (MPL) when the country is producing at the given input levels?
Answer Options
About This Question
This is Post Utme Unilag 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.