Post Utme Bowen University 2017 Commerce Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2017 Commerce Objective / Multiple Choice
Question 16 POST_UTME_BOWEN_UNIVERSITY • 2017 • COMMERCE • objective

A firm specializes in producing two goods, X and Y. The production of X requires 2 units of labor and 1 unit of capital, while the production of Y requires 3 units of labor and 2 units of capital. If the firm has 20 units of labor and 15 units of capital, what is the optimal production mix that maximizes profits?

Answer Options

Correct Answer A. Produce 10 units of X and 5 units of Y
B. Produce 5 units of X and 10 units of Y
C. Produce 15 units of X and 0 units of Y
D. Produce 0 units of X and 15 units of Y
Correct Answer
A
Correct Option:
Produce 10 units of X and 5 units of Y

About This Question

This is Post Utme Bowen University 2017 Commerce Question 16. It is one of the objective questions from the 2017 Post Utme Bowen University Commerce examination.

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