Post Utme Futa 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Futa Economics examination.

Post Utme Futa 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_FUTA • 2025 • ECONOMICS • objective

A farmer in Nigeria produces maize and sorghum. The production function for maize is Qm = 100L^0.5K^0.5, where L is labor and K is capital. The production function for sorghum is Qs = 50L^0.2K^0.8. If the farmer has 100 units of labor and 200 units of capital, determine the optimal allocation of labor and capital between maize and sorghum.

Answer Options

Correct Answer A. L = 50, K = 100 for maize; L = 50, K = 150 for sorghum
B. L = 50, K = 100 for maize; L = 50, K = 100 for sorghum
C. L = 50, K = 100 for maize; L = 50, K = 50 for sorghum
D. L = 50, K = 100 for maize; L = 100, K = 50 for sorghum
Correct Answer
A
Correct Option:
L = 50, K = 100 for maize; L = 50, K = 150 for sorghum

About This Question

This is Post Utme Futa 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Futa Economics examination.

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