Post Utme Unilag 2023 Economics Question 25
Practice objective / multiple choice question 25 from the 2023 Post Utme Unilag Economics examination.
A firm produces two goods, A and B. The production function for good A is Q_A = 100 + 20L - 0.5L^2, where Q_A is the quantity of good A produced and L is the labor used. The production function for good B is Q_B = 50 + 10L - 0.2L^2, where Q_B is the quantity of good B produced and L is the labor used. If the firm uses 50 units of labor, how many units of good A and good B will be produced?
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About This Question
This is Post Utme Unilag 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.
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