Post Utme Unn 2023 Economics Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice
Question 16 POST_UTME_UNN • 2023 • ECONOMICS • objective

A firm is producing a good with the following production function: Q = 2L^0.5 + 3K^0.5. If the firm's output is 10 units, and the price of labor is ₦100 per unit, and the price of capital is ₦200 per unit, what is the marginal product of labor?

Answer Options

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

About This Question

This is Post Utme Unn 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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