Post Utme Unilorin 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNILORIN • 2020 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Unilorin 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Unilorin Economics 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