Post Utme Uniport 2018 Commerce Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Uniport Commerce examination.

Post Utme Uniport 2018 Commerce Objective / Multiple Choice
Question 20 POST_UTME_UNIPORT • 2018 • COMMERCE • objective

A firm has a production function given by Q = 2L + 3K, where Q is the quantity produced, L is the number of laborers, and K is the amount of capital. If the firm hires 5 laborers and 3 units of capital, what is the marginal product of labor?

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Uniport 2018 Commerce Question 20. It is one of the objective questions from the 2018 Post Utme Uniport Commerce examination.

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