Post Utme Wellspring University 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2020 Economics Objective / Multiple Choice
Question 32 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 3L^\( 1/3 \)K^\( 2/3 \), where L is labor and K is capital. If the firm's current input levels are L = 8 and K = 27, calculate the marginal product of capital.

Answer Options

Correct Answer A. 1
B. 2
C. 3
D. 4
Correct Answer
A
Correct Option:
1

About This Question

This is Post Utme Wellspring University 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Wellspring University Economics examination.

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