Post Utme Nile University 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Nile University Economics examination.

Post Utme Nile University 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_NILE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm produces two products, A and B, u\sing two inputs, labour and capital. The production functions are given by Q_A = 10L^0.5K^0.5 and Q_B = 5L^0.5K^0.5, where Q_A and Q_B are the quantities of products A and B, respectively, and L and K are the quantities of labour and capital, respectively. If the firm has 100 units of labour and 50 units of capital, find the quantities of products A and B produced.

Answer Options

Correct Answer A. Q_A = 20, Q_B = 10
B. Q_A = 15, Q_B = 12
C. Q_A = 10, Q_B = 20
D. Q_A = 12, Q_B = 15
Correct Answer
A
Correct Option:
Q_A = 20, Q_B = 10

About This Question

This is Post Utme Nile University 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.

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