Post Utme Achievers University 2025 Commerce Question 31
Practice objective / multiple choice question 31 from the 2025 Post Utme Achievers University Commerce examination.
A firm specializes in producing two goods, X and Y, using two inputs, labor (L) and capital (K). The production function for good X is given by QX = 2L^0.5K^0.5, while the production function for good Y is given by QY = 3L^0.25K^0.75. If the firm has 100 units of labor and 50 units of capital, what is the opportunity cost of producing one more unit of good X?
Answer Options
About This Question
This is Post Utme Achievers University 2025 Commerce Question 31. It is one of the objective questions from the 2025 Post Utme Achievers University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.