Post Utme Abu 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice

Question 4 POST_UTME_ABU • 2017 • ECONOMICS • objective

A firm produces two products, A and B, u\sing two inputs, labor and capital. The production functions are Q_A = 2L - 3K and Q_B = 3L + 2K. If the firm has 10 units of labor and 5 units of capital, determine the optimal production plan.

A. Q_A = 10, Q_B = 5

Correct Answer B. Q_A = 5, Q_B = 10

C. Q_A = 15, Q_B = 0

D. Q_A = 0, Q_B = 15

Correct Answer

Correct Option:

Q_A = 5, Q_B = 10

This is Post Utme Abu 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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