Post Utme Noun 2023 Economics Question 41

Practice objective / multiple choice question 41 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 41 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A firm produces two goods, X and Y, u\sing two inputs, labor (L) and capital (K). The production functions for X and Y are given by the following equations:

Answer Options

A. X = 2L + 3K, Y = 4L + 2K
B. X = 3L + 2K, Y = 2L + 4K
Correct Answer C. X = 2L + 4K, Y = 3L + 2K
D. X = 4L + 2K, Y = 3L + 4K
Correct Answer
C
Correct Option:
X = 2L + 4K, Y = 3L + 2K

About This Question

This is Post Utme Noun 2023 Economics Question 41. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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