Post Utme Noun 2023 Economics Question 45

Practice objective / multiple choice question 45 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice

Question 45 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:

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

Correct Option:

X = 2L + 4K, Y = 3L + 2K

This is Post Utme Noun 2023 Economics Question 45. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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