Post Utme Wellspring University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good u\sing the production function Q = 2L^0.5K^0.5. If the firm is currently producing 100 units of output with 100 units of labor and 100 units of capital, calculate the marginal product of labor and marginal product of capital.

Answer Options

Correct Answer A. MP_L = 0.5, MP_K = 0.5
B. MP_L = 1, MP_K = 1
C. MP_L = 0.25, MP_K = 0.25
D. MP_L = 0.5, MP_K = 0.25
Correct Answer
A
Correct Option:
MP_L = 0.5, MP_K = 0.5

About This Question

This is Post Utme Wellspring University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Wellspring University Economics examination.

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