Post Utme Unn 2020 Economics Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Unn Economics examination.

Post Utme Unn 2020 Economics Objective / Multiple Choice
Question 22 POST_UTME_UNN • 2020 • ECONOMICS • objective

A firm is producing a good u\sing a production function with the following characteristics: Q = 2L^0.5K^0.5. If the firm's current inputs are L = 4 and K = 9, what is the marginal product of labor (MPL) at this point?

Answer Options

Correct Answer A. \( MPL = \frac{partial Q}{partial L} = \frac{K^{0.5}}{L^{0.5}} \)
B. \( MPL = \frac{partial Q}{partial L} = \frac{L^{0.5}}{K^{0.5}} \)
C. \( MPL = \frac{partial Q}{partial L} = \frac{2L^{0.5}K^{0.5}}{L} \)
D. \( MPL = \frac{partial Q}{partial L} = \frac{2L^{0.5}K^{0.5}}{K} \)
Correct Answer
A
Correct Option:
\( MPL = \frac{partial Q}{partial L} = \frac{K^{0.5}}{L^{0.5}} \)

About This Question

This is Post Utme Unn 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Unn Economics examination.

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