Post Utme Uniosun 2018 Economics Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Uniosun Economics examination.
A firm's production function is given by \( Q = 2L^0.5K^0.5 \), where Q is output, L is labor and K is capital. If the price of labor is ₦500 per unit and the price of capital is ₦1000 per unit, calculate the value of the marginal product of labor (MPL) at a point where L = 16 units and K = 9 units.
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About This Question
This is Post Utme Uniosun 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.
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