Post Utme Unilag 2017 Economics Question 17
Practice objective / multiple choice question 17 from the 2017 Post Utme Unilag 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^0.2K^0.8. If the firm has 100 units of labor and 200 units of capital, how much of good A should it produce?
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About This Question
This is Post Utme Unilag 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.
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