1. One unit of Commodity A is produced by combining a. 1 unit of Land, 2 units of Labour and 5 units of capital. Also 1 unit of Commodity B is produce by 2 units of land 3 units of Labour and 1 unit of capital, similarly, 1 unit of commodity C results from the use of 3 units of land, 1 unit of Labour and 2 units of capital.
Assuming that the price of commodities A, B and C are repectively Pa = N270 Pb = N160 and
Pc = N190 find the total rent (c) the wages (w) and interest (i) of the three resources.

Efficient homemakers ltd. makes canvas wallets and leather wallets as part of a money-making project. for the canvas wallets, they need two yards of canvas and two yards of leather. for the leather wallets, they need four yards of leather and three yards of canvas. their production unit has purchased 44 yards of leather and 40 yards of canvas. let x be the number of leather wallets and y be the number of canvas wallets. draw the graph showing the feasible region to represent the number of the leather and canvas wallets that can be produced.