Post Utme Unilag 2019 Economics Question 17
Practice objective / multiple choice question 17 from the 2019 Post Utme Unilag Economics examination.
A firm produces two goods, A and B, u\sing two inputs, labor (L) and capital (K). The production functions for the two goods are given by Q_A = 2L + 3K and Q_B = 4L + 2K. If the firm has 10 units of labor and 8 units of capital, what is the optimal combination of labor and capital that maximizes the total output of the two goods?
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About This Question
This is Post Utme Unilag 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.
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