Post Utme Ksu 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Ksu Economics examination.

Post Utme Ksu 2025 Economics Objective / Multiple Choice
Question 7 POST_UTME_KSU • 2025 • ECONOMICS • objective

A farmer in Nigeria produces two crops: maize and soybeans. The production function for maize is given by Qm = 1000L^0.5K^0.5, where Qm is the quantity of maize produced, L is the labor input, and K is the capital input. The production function for soybeans is given by Qs = 500L^0.2K^0.8, where Qs is the quantity of soybeans produced. If the farmer has 100 units of labor and 50 units of capital, find the quantities of maize and soybeans produced.

Answer Options

Correct Answer A. 1000 units of maize, 250 units of soybeans
B. 500 units of maize, 1000 units of soybeans
C. 2000 units of maize, 500 units of soybeans
D. 1500 units of maize, 750 units of soybeans
Correct Answer
A
Correct Option:
1000 units of maize, 250 units of soybeans

About This Question

This is Post Utme Ksu 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Ksu Economics examination.

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