Post Utme Aaua 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice

Question 9 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A firm is considering two different production techno\logies: one that is labor-intensive and another that is capital-intensive. If the firm chooses the labor-intensive techno\logy, what will happen to its labor \costs?

A. Labor \costs will increase.

Correct Answer B. Labor \costs will decrease.

C. Labor \costs will remain unchanged.

D. Labor \costs will become negative.

Correct Answer

Correct Option:

Labor \costs will decrease.

This is Post Utme Aaua 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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