Post Utme Veritas University 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_VERITAS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5, where L is the labor input. If the firm hires 16 workers, what is the marginal product of labor (MPL)?

Answer Options

A. 0.5
B. 1
Correct Answer C. 2
D. 4
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Veritas University 2018 Economics Question 38. It is one of the objective questions from the 2018 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