Post Utme Uniport 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Uniport Economics examination.

Post Utme Uniport 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNIPORT • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor, and K is capital. If the firm's labor and capital are fixed at 16 and 25 respectively, what is the marginal product of labor?

Answer Options

A. 4L^\( 1/2 \)K^\( 1/2 \)
B. 2L^\( -1/2 \)K^\( 1/2 \)
Correct Answer C. 8L^\( -1/2 \)K^\( 1/2 \)
D. 16L^\( -1/2 \)K^\( 1/2 \)
Correct Answer
C
Correct Option:
8L^\( -1/2 \)K^\( 1/2 \)

About This Question

This is Post Utme Uniport 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Uniport Economics examination.

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