Post Utme Wellspring University 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ECONOMICS • objective

Consider a firm with a production function \( Q = 2L^0.5K^{0.5} \). If the firm has 100 units of Labour and 50 units of Capital, find the firm's marginal product of Labour and Capital.

Answer Options

Correct Answer A. \( MPL = 0.5, MPC = 0.5 \)
B. \( MPL = 0.25, MPC = 0.25 \)
C. \( MPL = 0.1, MPC = 0.1 \)
D. \( MPL = 0.05, MPC = 0.05 \)
Correct Answer
A
Correct Option:
\( MPL = 0.5, MPC = 0.5 \)

About This Question

This is Post Utme Wellspring University 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Wellspring University Economics examination.

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