Post Utme Lautech 2025 Economics Question 35
Practice objective / multiple choice question 35 from the 2025 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 X = 2L^0.5K^0.5, while that for good Y is given by Y = 3L^0.25K^0.75. If the firm has 100 units of Labour and 200 units of Capital, what is the value of the elasticity of substitution between Labour and Capital?
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About This Question
This is Post Utme Lautech 2025 Economics Question 35. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.
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