Post Utme Futo 2025 Economics Question 9
Practice objective / multiple choice question 9 from the 2025 Post Utme Futo Economics examination.
A farmer produces wheat and maize. The production functions for wheat and maize are given by W = 2L^0.5 and M = 3L^0.5, respectively. The farmer's budget constraint is 2W + 3M = 12. Find the farmer's optimal allocation of labor between wheat and maize.
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About This Question
This is Post Utme Futo 2025 Economics Question 9. It is one of the objective questions from the 2025 Post Utme Futo Economics examination.
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