Post Utme Christopher University 2025 Commerce Question 27
Practice objective / multiple choice question 27 from the 2025 Post Utme Christopher University Commerce examination.
A firm produces two products, X and Y, using two inputs, labor and capital. The production function for X is given by Q_X = 2L^0.5K^0.5, where L is labor and K is capital. The production function for Y is given by Q_Y = 3L^0.7K^0.3. If the firm has 100 units of labor and 50 units of capital, how many units of product X and product Y should it produce to maximize profit?
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About This Question
This is Post Utme Christopher University 2025 Commerce Question 27. It is one of the objective questions from the 2025 Post Utme Christopher University Commerce examination.
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