Post Utme Lead City University 2023 Economics Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2023 Economics Objective / Multiple Choice
Question 28 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

A farmer produces wheat and maize. The production functions for wheat and maize are given by W = 10L^0.5 and M = 5L^0.5, respectively. If the farmer has 100 units of labor, how much wheat and maize will he produce?

Answer Options

A. W = 50, M = 100
Correct Answer B. W = 100, M = 50
C. W = 150, M = 75
D. W = 200, M = 100
Correct Answer
B
Correct Option:
W = 100, M = 50

About This Question

This is Post Utme Lead City University 2023 Economics Question 28. It is one of the objective questions from the 2023 Post Utme Lead City University Economics examination.

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