Post Utme Wellspring University 2022 Economics Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice
Question 12 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • 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 + 2K. If the firm has 10 units of labor and 5 units of capital, what is the total output?

Answer Options

A. 30
B. 40
Correct Answer C. 50
D. 60
Correct Answer
C
Correct Option:
50

About This Question

This is Post Utme Wellspring University 2022 Economics Question 12. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.

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