Post Utme Uniosun 2020 Economics Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2020 Economics Objective / Multiple Choice
Question 16 POST_UTME_UNIOSUN • 2020 • ECONOMICS • objective

Consider a production function of the form Q = f(K,L) = K^0.4L^0.6. If the marginal product of capital (MPK) is 0.16, and the marginal product of labor (MPL) is 0.24, what is the ratio of the marginal products?

Answer Options

Correct Answer A. 0.4
B. 0.6
C. 0.8
D. 1.0
Correct Answer
A
Correct Option:
0.4

About This Question

This is Post Utme Uniosun 2020 Economics Question 16. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.

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