Post Utme Unilag 2020 Commerce Question 28
Practice objective / multiple choice question 28 from the 2020 Post Utme Unilag Commerce examination.
A firm produces two goods, A and B, using two inputs, labor and capital. The production function for good A is given by Q_A = 2L^0.5K^0.5, where L is labor and K is capital. 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 will it produce?
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About This Question
This is Post Utme Unilag 2020 Commerce Question 28. It is one of the objective questions from the 2020 Post Utme Unilag Commerce examination.
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