Post Utme Veritas University 2017 Economics Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2017 Economics Objective / Multiple Choice
Question 36 POST_UTME_VERITAS_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a production function ( f(x) = 2x^2 + 5x + 3 ) where ( x ) represents the number of units produced. If the marginal product of labor is 10 units when \( x = 4 \), what is the value of the average product of labor?

Answer Options

Correct Answer A. 15
B. 20
C. 25
D. 30
Correct Answer
A
Correct Option:
15

About This Question

This is Post Utme Veritas University 2017 Economics Question 36. It is one of the objective questions from the 2017 Post Utme Veritas University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support