Post Utme Ui 2019 Economics Question 22
Practice objective / multiple choice question 22 from the 2019 Post Utme Ui Economics examination.
A firm produces two goods, A and B, u\sing two inputs, labor and capital. The production function for good A is given by Q_A = 2L^0.5K^0.5, where Q_A is the quantity of good A produced, L is the amount of labor used, and K is the amount of capital used. The production function for good B is given by Q_B = 3L^0.7K^0.3. If the firm has 100 units of labor and 50 units of capital, how many units of good A and good B should the firm produce?
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About This Question
This is Post Utme Ui 2019 Economics Question 22. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.
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