Post Utme Unn 2024 Economics Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 36 POST_UTME_UNN • 2024 • ECONOMICS • objective

A firm has a production function F(L, K) = L^0.4 K^0.6. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, find the marginal product of labor.

Answer Options

A. 0.2L^0.4 K^0.6
Correct Answer B. 0.4L^0.4 K^0.6
C. 0.6L^0.4 K^0.6
D. 0.8L^0.4 K^0.6
Correct Answer
B
Correct Option:
0.4L^0.4 K^0.6

About This Question

This is Post Utme Unn 2024 Economics Question 36. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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