Post Utme Aaua 2021 Economics Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice

Question 3 POST_UTME_AAUA • 2021 • ECONOMICS • objective

A company produces two products, x and y, u\sing two inputs, labor and capital. The production functions for x and y are given by the equations \( x = 2L + 3K \) and \( y = 4L + 2K \) respectively. If the company has 100 units of labor and 50 units of capital, find the optimal production levels of x and y.

Correct Answer A. (200, 100)

B. (150, 50)

C. (100, 200)

D. (50, 150)

Correct Answer

Correct Option:

(200, 100)

This is Post Utme Aaua 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

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