Post Utme Summit University 2020 Economics Question 2
Practice objective / multiple choice question 2 from the 2020 Post Utme Summit University Economics examination.
A firm produces two goods, A and B, u\sing two inputs, Labour (L) and Capital (K). The production function for good A is given by Q_A = 10L^0.5K^0.5 and for good B is Q_B = 5L^0.2K^0.8. If the firm has 100 units of Labour and 200 units of Capital, what is the total output?
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About This Question
This is Post Utme Summit University 2020 Economics Question 2. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.
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