Post Utme Lautech 2019 Economics Question 2
Practice objective / multiple choice question 2 from the 2019 Post Utme Lautech Economics examination.
A firm produces two goods, A and B. The production function for good A is given by \( Q_A = 2L^{0.5}K^{0.5} \) and for good B is given by \( Q_B = 3L^{0.7}K^{0.3} \). If the firm has 100 units of labor and 50 units of capital, calculate the total output of good A.
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About This Question
This is Post Utme Lautech 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.
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