Post Utme Abu 2021 Commerce Question 8
Practice objective / multiple choice question 8 from the 2021 Post Utme Abu Commerce examination.
A firm is producing two goods, X and Y, using two inputs, labor and capital. The production function for good X is given by Q_X = 2L^0.5K^0.5, where Q_X is the quantity of good X produced, L is the amount of labor used, and K is the amount of capital used. The production function for good Y is given by Q_Y = 3L^0.2K^0.8, where Q_Y is the quantity of good Y produced. If the firm uses 100 units of labor and 200 units of capital, how many units of good X and good Y will the firm produce?
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About This Question
This is Post Utme Abu 2021 Commerce Question 8. It is one of the objective questions from the 2021 Post Utme Abu Commerce examination.
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