Neco Model Questions Vol1 2025 Government Question 19
Practice objective / multiple choice question 19 from the 2025 Neco Model Questions Vol1 Government examination.
A local government has a total budget of \(\text{₦}200\) million to be spent on two projects, X and Y. The benefit functions are \(B_X = 5\,E_X^{0.6}\) and \(B_Y = 8\,E_Y^{0.5}\), where \(E_X\) and \(E_Y\) are the expenditures (in million naira) on the respective projects. Each project must receive at least \(\text{₦}30\) million and at most \(\text{₦}120\) million. Determine the allocation \((E_X, E_Y)\) that maximizes the total benefit \(B_X+B_Y\) and give the maximum total benefit rounded to the nearest million naira.
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About This Question
This is Neco Model Questions Vol1 2025 Government Question 19. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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