Post Utme Uniport 2020 Geography Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Uniport Geography examination.

Post Utme Uniport 2020 Geography Objective / Multiple Choice
Question 12 POST_UTME_UNIPORT • 2020 • GEOGRAPHY • objective

A firm produces two products, A and B. The production process involves two inputs, labor and capital. The production function for product A is given by Q_A = 10L^0.5K^0.5 and for product B is given by Q_B = 5L^0.2K^0.8 . If the firm has 100 units of labor and 50 units of capital, how many units of product A and product B should it produce?

Answer Options

Correct Answer A. Product A: 50 units, Product B: 20 units
B. Product A: 30 units, Product B: 15 units
C. Product A: 40 units, Product B: 25 units
D. Product A: 60 units, Product B: 30 units
Correct Answer
A
Correct Option:
Product A: 50 units, Product B: 20 units

About This Question

This is Post Utme Uniport 2020 Geography Question 12. It is one of the objective questions from the 2020 Post Utme Uniport Geography examination.

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