Post Utme Achievers University 2020 Economics Question 27
Practice objective / multiple choice question 27 from the 2020 Post Utme Achievers University Economics examination.
A firm produces two goods, X and Y, u\sing two inputs, labor and capital. The production functions are given by Qx = 2L + 3K and Qy = 3L + 2K, where Qx and Qy are the quantities of goods X and Y, respectively, and L and K are the quantities of labor and capital, respectively. If the firm has 10 units of labor and 8 units of capital, what is the opportunity \cost of producing one more unit of good X?
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About This Question
This is Post Utme Achievers University 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Achievers University Economics examination.
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