Post Utme Futa 2023 Economics Question 34
Practice objective / multiple choice question 34 from the 2023 Post Utme Futa Economics examination.
A firm is producing two goods, A and B. The production function for good A is given by Q_A = 2L + 3K, where L is labor and K is capital. The production function for good B is given by Q_B = 4L + 2K. If the firm has 10 units of labor and 5 units of capital, how many units of good A and good B should it produce to maximize its total output?
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About This Question
This is Post Utme Futa 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Futa Economics examination.
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