Post Utme Uniport 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

A firm is producing a good u\sing two inputs, labor and capital. The production function is given by Q = 2L^0.5K^0.5, where Q is the quantity of the good produced, L is the amount of labor used, and K is the amount of capital used. If the firm is currently u\sing 100 units of labor and 100 units of capital, what is the marginal product of labor?

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 3
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Uniport 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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