Post Utme Pan Atlantic University 2020 Economics Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 40 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A farmer has a crop yield function given by Y = 2A + 3B, where A and B are the quantities of two fertilizers applied. The \cost function is C = 10A + 20B. Find the optimal quantities of A and B.

Answer Options

Correct Answer A. A = 5, B = 5
B. A = 10, B = 0
C. A = 0, B = 10
D. A = 5, B = 10
Correct Answer
A
Correct Option:
A = 5, B = 5

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 40. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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