Post Utme Al Hikmah University 2020 Commerce Question 18
Practice objective / multiple choice question 18 from the 2020 Post Utme Al Hikmah University Commerce examination.
A firm has two products, X and Y. The production process for X requires 2 hours of labor and 3 units of raw material, while the production process for Y requires 3 hours of labor and 2 units of raw material. If the firm has 120 hours of labor available and 180 units of raw material available, and the selling price per unit of product X is ₦500 and the selling price per unit of product Y is ₦600, how many units of product X and product Y should the firm produce to maximize profit?
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About This Question
This is Post Utme Al Hikmah University 2020 Commerce Question 18. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Commerce examination.
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