Post Utme Babcock University 2018 Economics Question 14
Practice objective / multiple choice question 14 from the 2018 Post Utme Babcock University Economics examination.
A firm produces two goods, X and Y, u\sing two inputs, labor (L) and capital (K). The production function for good X is given by QX = 10L^0.5K^0.5, and the production function for good Y is given by QY = 5L^0.2K^0.8. If the firm has 100 units of labor and 50 units of capital, how many units of good X and good Y should the firm produce to maximize profits?
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About This Question
This is Post Utme Babcock University 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Babcock University Economics examination.
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