Post Utme Greenfield University 2017 Economics Question 39
Practice objective / multiple choice question 39 from the 2017 Post Utme Greenfield University Economics examination.
A firm is considering the production of two goods, X and Y. The production function for good X is given by Q_X = 2L + 3K, where L is labor and K is capital. The production function for good Y is given by Q_Y = 4L + 2K. If the firm has 10 units of labor and 5 units of capital, what is the opportunity \cost of producing one more unit of good X?
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About This Question
This is Post Utme Greenfield University 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.
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