Post Utme Bowen University 2023 Economics Question 10
Practice objective / multiple choice question 10 from the 2023 Post Utme Bowen University Economics examination.
A firm produces two goods, A and B, u\sing two inputs, labor and capital. The production function for good A is \( Q_A = 2L^{0.4}K^{0.6} \) and for good B is \( Q_B = 3L^{0.6}K^{0.4} \). If the firm has 100 units of labor and 50 units of capital, find the optimal combination of labor and capital that maximizes the total output.
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This is Post Utme Bowen University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Bowen University Economics examination.
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