Post Utme Wellspring University 2022 Commerce Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2022 Commerce Objective / Multiple Choice
Question 22 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • COMMERCE • objective

A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm is currently using 16 units of labor and 9 units of capital, what is the marginal product of labor?

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 1.5
D. 2.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Wellspring University 2022 Commerce Question 22. It is one of the objective questions from the 2022 Post Utme Wellspring University Commerce examination.

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