Post Utme Oau 2020 Commerce Question 39
Practice objective / multiple choice question 39 from the 2020 Post Utme Oau Commerce examination.
A company 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, where Q_X is the quantity of product X produced, L is the amount of labor used, and K is the amount of capital used. The production function for product Y is given by Q_Y = 3L^0.2K^0.8. If the company has 100 units of labor and 200 units of capital, how many units of product X and product Y should the company produce?
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About This Question
This is Post Utme Oau 2020 Commerce Question 39. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.
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