Post Utme Caleb University 2025 Commerce Question 21
Practice objective / multiple choice question 21 from the 2025 Post Utme Caleb University Commerce examination.
A firm specializes in producing two goods, A and B, using two inputs, labor and capital. The production functions for A and B are given by the following equations: A = 2L + 3K and B = 4L + 2K, where L is labor and K is capital. If the firm has 10 units of labor and 8 units of capital, what is the opportunity cost of producing one more unit of good A?
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This is Post Utme Caleb University 2025 Commerce Question 21. It is one of the objective questions from the 2025 Post Utme Caleb University Commerce examination.
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