Post Utme Babcock University 2018 Commerce Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice
Question 22 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

A firm has a production function f(x, y) = 2x^2 + 3y^2 and a budget constraint 2x + 3y = 100,000. Find the firm's optimal production bundle.

Answer Options

A. x = 20,000, y = 30,000
B. x = 25,000, y = 35,000
Correct Answer C. x = 30,000, y = 40,000
D. x = 35,000, y = 45,000
Correct Answer
C
Correct Option:
x = 30,000, y = 40,000

About This Question

This is Post Utme Babcock University 2018 Commerce Question 22. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

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