Post Utme Osustech 2019 Economics Question 40
Practice objective / multiple choice question 40 from the 2019 Post Utme Osustech Economics examination.
Consider a firm that produces two goods, A and B, u\sing two inputs, labor (L) and capital (K). The production functions are given by A = 2L + 3K and B = 4L + 5K. If the firm's budget constraint is 2L + 3K = 12, find the optimal values of L and K u\sing the method of Lagrange multipliers.
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About This Question
This is Post Utme Osustech 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.
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