Post Utme Lead City University 2020 Geography Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Lead City University Geography examination.

Post Utme Lead City University 2020 Geography Objective / Multiple Choice

Question 24 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • GEOGRAPHY • objective

A firm produces two goods, X and Y. The production function is given by Q = 2X + 3Y. If the price of X is ₦50 and the price of Y is ₦75, find the optimal combination of X and Y to maximize profit.

Answer Options

A. X = 10, Y = 5

Correct Answer B. X = 15, Y = 10

C. X = 20, Y = 15

D. X = 25, Y = 20

Correct Answer

Correct Option:

X = 15, Y = 10

About This Question

This is Post Utme Lead City University 2020 Geography Question 24. It is one of the objective questions from the 2020 Post Utme Lead City University Geography examination.

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