Post Utme Uniosun 2018 Economics Question 9
Practice objective / multiple choice question 9 from the 2018 Post Utme Uniosun Economics examination.
Consider a production function given by \( Q = 1000K^0.4L^0.6 \), where Q is output, K is capital and L is labor. If the price of capital is ₦1000 per unit and the price of labor is ₦500 per unit, calculate the value of the marginal product of capital (MPC) at a point where K = 10 units and L = 15 units.
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About This Question
This is Post Utme Uniosun 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.
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