Post Utme Veritas University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_VERITAS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 10K^\( 1/2 \) L^\( 1/2 \). If the firm's capital is 100 units and labor is 50 units, what is the marginal product of labor?

Answer Options

A. 0.5
Correct Answer B. 1
C. 2
D. 5
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Veritas University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Veritas University Economics examination.

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