Post Utme Lasu 2024 Economics Question 37
Practice objective / multiple choice question 37 from the 2024 Post Utme Lasu Economics examination.
A firm produces two goods, A and B, u\sing two inputs, labor (L) and capital (K). The production functions for the two goods are given by q_A = 2L^0.5K^0.5 and q_B = 3L^0.7K^0.3. If the firm has 100 units of labor and 50 units of capital, find the value of the output mix \( q_A/q_B \) when the firm produces both goods.
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About This Question
This is Post Utme Lasu 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Lasu Economics examination.
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