Post Utme Al Hikmah University 2024 Economics Question 38
Practice objective / multiple choice question 38 from the 2024 Post Utme Al Hikmah University Economics examination.
Consider a firm that produces two goods, A and B. The production function for good A is given by Q_A = 2L_A^\( 1/2 \)K_A^\( 1/2 \), and the production function for good B is given by Q_B = 2L_B^\( 1/2 \)K_B^\( 1/2 \). If the firm's capital (K) is 4 units, and the firm's labor (L) is 8 units, what is the optimal allocation of labor between good A and good B?
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About This Question
This is Post Utme Al Hikmah University 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Economics examination.
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