Post Utme Unilorin 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A firm produces two goods, X and Y, u\sing two inputs, labor (L) and capital (K). The production functions are given by X = 2L + 3K and Y = 4L + 5K. If the firm has 10 units of labor and 15 units of capital, what is the total output of the firm?

Answer Options

A. 50
B. 60
Correct Answer C. 70
D. 80
Correct Answer
C
Correct Option:
70

About This Question

This is Post Utme Unilorin 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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