Post Utme Lautech 2018 Economics Question 27
Practice objective / multiple choice question 27 from the 2018 Post Utme Lautech Economics examination.
A firm produces two goods, X and Y, u\sing two inputs, Labour (L) and Capital (K). The production function for good X is given by QX = 2L^0.5K^0.5, and for good Y is QY = 3L^0.2K^0.8. If the firm has 100 units of Labour and 200 units of Capital, what is the total output of the firm?
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About This Question
This is Post Utme Lautech 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.
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