Post Utme Abu 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Abu Economics examination.

Post Utme Abu 2019 Economics Objective / Multiple Choice

Question 40 POST_UTME_ABU • 2019 • ECONOMICS • objective

A firm is producing two goods, x and y, with the following production function: \( x + 2y = 100 \). If the price of x is ₦5 and the price of y is ₦3, find the firm's optimal production levels of x and y.

Correct Answer A. x = 50, y = 25

B. x = 40, y = 30

C. x = 30, y = 35

D. x = 20, y = 40

Correct Answer

Correct Option:

x = 50, y = 25

This is Post Utme Abu 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Abu Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support