Post Utme Uniosun 2023 Economics Question 9
Practice objective / multiple choice question 9 from the 2023 Post Utme Uniosun Economics examination.
A firm has a production function given by \( Q = 100K^{\frac{1}{2}}L^{\frac{1}{2}} \). If the marginal product of labor (MPL) is 10, and the marginal product of capital (MPK) is 15, what is the value of the output elasticity of labor \( E_L \)?
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About This Question
This is Post Utme Uniosun 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Uniosun Economics examination.
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