Post Utme Delsu 2019 Commerce Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Delsu Commerce examination.

Post Utme Delsu 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_DELSU • 2019 • COMMERCE • objective

A firm produces two goods, X and Y, using two inputs, labor (L) and capital (K). The production functions are given by X = 2L + 3K and Y = 3L + 2K. If the firm's objective is to maximize profits, which of the following statements is true?

Answer Options

A. The firm will produce only good X.
B. The firm will produce only good Y.
Correct Answer C. The firm will produce both goods X and Y.
D. The firm will not produce any goods.
Correct Answer
C
Correct Option:
The firm will produce both goods X and Y.

About This Question

This is Post Utme Delsu 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Delsu Commerce examination.

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