Post Utme Delsu 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_DELSU • 2022 • ECONOMICS • objective

A firm produces two goods, A and B, u\sing two inputs, labor and capital. The production function for good A is given by \( Q_A = 10L^0.5K^0.5 \) and for good B is given by \( Q_B = 5L^0.2K^0.8 \). If the firm has 100 units of labor and 50 units of capital, how many units of good A and good B should it produce to maximize profit?

Answer Options

Correct Answer A. Good A: 50 units, Good B: 25 units
B. Good A: 75 units, Good B: 10 units
C. Good A: 25 units, Good B: 50 units
D. Good A: 10 units, Good B: 75 units
Correct Answer
A
Correct Option:
Good A: 50 units, Good B: 25 units

About This Question

This is Post Utme Delsu 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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