Post Utme Summit University 2019 Commerce Question 18
Practice objective / multiple choice question 18 from the 2019 Post Utme Summit University Commerce examination.
A firm produces two products, A and B, using two inputs, labor and capital. The production function for product A is given by Q_A = 2L^0.5K^0.5, and for product B is Q_B = 3L^0.75K^0.25. If the firm has 100 units of labor and 50 units of capital, how many units of product A and product B should it produce?
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About This Question
This is Post Utme Summit University 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.
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