Post Utme Greenfield University 2023 Economics Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 35 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A firm in Nigeria produces two goods, X and Y. The production function for X is given by Q_X = 2L + 3K, and the production function for Y is given by Q_Y = 4L + 2K, where L is labor and K is capital. If the firm has 10 units of labor and 5 units of capital, what is the total output of the firm?

Answer Options

A. 20 units of X and 20 units of Y
B. 30 units of X and 30 units of Y
Correct Answer C. 40 units of X and 40 units of Y
D. 50 units of X and 50 units of Y
Correct Answer
C
Correct Option:
40 units of X and 40 units of Y

About This Question

This is Post Utme Greenfield University 2023 Economics Question 35. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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