Neco 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Neco Economics examination.

Neco 2017 Economics Objective / Multiple Choice Hard Difficulty
Question 30 NECO • 2017 • ECONOMICS • objective

A firm produces two products, X and Y. Product X requires 2 labour hours and 1 capital hour per unit; product Y requires 1 labour hour and 3 capital hours per unit. The firm has 120 labour hours and 150 capital hours available each week. Profit per unit is ₦40 for X and ₦50 for Y, but at most 40 units of Y can be sold weekly. Determine the weekly production quantities of X and Y that maximise profit and state the maximum profit.

Answer Options

Correct Answer A. 42 units of X, 36 units of Y; maximum profit = 3480
B. 42 units of X, 30 units of Y; maximum profit = 3300
C. 45 units of X, 30 units of Y; maximum profit = 3450
D. 40 units of X, 40 units of Y; maximum profit = 3600
Correct Answer
A
Correct Option:
42 units of X, 36 units of Y; maximum profit = 3480

About This Question

This is Neco 2017 Economics Question 30. It is one of the objective questions from the 2017 Neco Economics examination.

Difficulty level: Hard .

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