Post Utme Noun 2025 Commerce Question 32
Practice objective / multiple choice question 32 from the 2025 Post Utme Noun Commerce examination.
A firm produces two products, X and Y, using two inputs, labor and capital. The production function for product X is given by Q_X = 2L^0.5K^0.5, while the production function for product Y is given by Q_Y = 3L^0.7K^0.3. If the firm has 100 units of labor and 50 units of capital, how much of product X and product Y should it produce to maximize its total output?
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About This Question
This is Post Utme Noun 2025 Commerce Question 32. It is one of the objective questions from the 2025 Post Utme Noun Commerce examination.
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