Post Utme Eksu 2023 Economics Question 17
Practice objective / multiple choice question 17 from the 2023 Post Utme Eksu Economics examination.
A firm produces two goods, A and B, u\sing two inputs, labor (L) and capital (K). The production functions for the two goods are given by A = 2L + 3K and B = 4L + 2K. If the firm has 10 units of labor and 8 units of capital, and the prices of the two goods are p_A = 5 and p_B = 3, respectively, what is the firm's optimal production plan?
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About This Question
This is Post Utme Eksu 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Eksu Economics examination.
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