Post Utme Babcock University 2020 Economics Question 24
Practice objective / multiple choice question 24 from the 2020 Post Utme Babcock University Economics examination.
A firm produces two goods, X and Y, u\sing the production functions X = 2L^0.5K^0.5 and Y = 3L^0.5K^0.5, where L is labor and K is capital. If the price of good X is ₦50 per unit and the price of good Y is ₦30 per unit, determine the optimal level of labor and capital.
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About This Question
This is Post Utme Babcock University 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Babcock University Economics examination.
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