Post Utme Bells University 2021 Economics Question 23
Practice objective / multiple choice question 23 from the 2021 Post Utme Bells University Economics examination.
A firm produces two goods, X and Y, u\sing two inputs, labor and capital. The production function for good X is given by Q_X = 2L^0.5K^0.5, where Q_X is the quantity of good X produced, L is the amount of labor used, and K is the amount of capital used. The production function for good Y is given by Q_Y = 3L^0.5K^0.5. If the firm has 100 units of labor and 100 units of capital, how much of good X should it produce?
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About This Question
This is Post Utme Bells University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.
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