Post Utme Lautech 2017 Economics Question 8
Practice objective / multiple choice question 8 from the 2017 Post Utme Lautech Economics examination.
A firm produces two products, A and B, u\sing two inputs, labor and capital. The production function for product A is given by \( Q_A = 2L^0.5K^0.5 \) and for product B is given by \( Q_B = 3L^0.7K^0.3 \). If the firm has 100 units of labor and 50 units of capital, how many units of product A and product B should the firm produce?
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About This Question
This is Post Utme Lautech 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Lautech Economics examination.
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