Post Utme Bells University 2021 Commerce Question 28
Practice objective / multiple choice question 28 from the 2021 Post Utme Bells University Commerce examination.
A firm is considering two different production technologies: one that requires a high initial investment but results in lower production costs over time, and another that requires a low initial investment but results in higher production costs over time. If the firm expects to produce 10,000 units per year for the next 5 years, and the initial investment for the high-cost technology is ₦5,000,000, while the initial investment for the low-cost technology is ₦2,000,000, which technology should the firm choose if it expects to sell each unit for ₦500?
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About This Question
This is Post Utme Bells University 2021 Commerce Question 28. It is one of the objective questions from the 2021 Post Utme Bells University Commerce examination.
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