Post Utme Madonna University 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2022 Economics Objective / Multiple Choice
Question 2 POST_UTME_MADONNA_UNIVERSITY • 2022 • ECONOMICS • objective

A firm produces two goods, A and B. The production function for good A is Q_A = 10L + 5K, where L is labor and K is capital. The production function for good B is Q_B = 8L + 3K. If the firm has 100 units of labor and 50 units of capital, how many units of good A and good B will the firm produce?

Answer Options

A. Good A: 500, Good B: 400
Correct Answer B. Good A: 600, Good B: 300
C. Good A: 700, Good B: 200
D. Good A: 800, Good B: 100
Correct Answer
B
Correct Option:
Good A: 600, Good B: 300

About This Question

This is Post Utme Madonna University 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Madonna University Economics examination.

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