Post Utme Pan Atlantic University 2024 Economics Question 33
Practice objective / multiple choice question 33 from the 2024 Post Utme Pan Atlantic University Economics examination.
A farmer produces wheat and corn on a 100-hectare farm. The production functions for wheat and corn are given by W = 100x^0.5 and C = 50x^0.5, respectively. If the farmer's budget constraint is 10W + 5C = 1000, what is the optimal allocation of land to wheat and corn?
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About This Question
This is Post Utme Pan Atlantic University 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.
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