Post Utme Afe Babalola University 2017 Commerce Question 36
Practice objective / multiple choice question 36 from the 2017 Post Utme Afe Babalola University Commerce examination.
A firm specializes in producing two goods, X and Y. The production of X requires 2 hours of labor and 1 hour of capital, while the production of Y requires 3 hours of labor and 2 hours of capital. The firm has 120 hours of labor and 80 hours of capital available. If the firm produces 20 units of X and 15 units of Y, what is the opportunity cost of producing one more unit of X?
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This is Post Utme Afe Babalola University 2017 Commerce Question 36. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Commerce examination.
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