Post Utme Rsu 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_RSU • 2020 • ECONOMICS • objective

A firm produces two goods, A and B, u\sing two inputs, labor and capital. The production functions are given by \( Q_A = 2L^0.5K^{0.5} \) and \( Q_B = 3L^{0.5}K^{0.5} \). If the firm has 100 units of labor and 100 units of capital, how many units of good A and good B should the firm produce?

Answer Options

Correct Answer A. \( Q_A = 100, Q_B = 150 \)
B. \( Q_A = 150, Q_B = 100 \)
C. \( Q_A = 200, Q_B = 50 \)
D. \( Q_A = 50, Q_B = 200 \)
Correct Answer
A
Correct Option:
\( Q_A = 100, Q_B = 150 \)

About This Question

This is Post Utme Rsu 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

View More Post Utme Rsu 2020 Economics Questions More Post Utme Rsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support