Question

assume that a business firm
produces two commod
ities, X and Y,
with two different inpu
ts, Labour (L) and Capital (K). The total
quantities of L and K available per un
it of time are specified as L = 1600
labour hours; and K = 20
00 units. In addition,
assume that producing 1
unit of commodity X requires 4 units
of labour (L) and 2 units of capital
(K). One unit of commodity Y requires
2 units of L and
5 units of K.
Profits per unit of co
mmodities X and Y are estimated at N10 and N8,
respectively.