Post Utme Bowen University 2019 Economics Question 5
Practice objective / multiple choice question 5 from the 2019 Post Utme Bowen University Economics examination.
A firm is considering two production techno\logies: one that produces 100 units of output per hour and another that produces 200 units of output per hour. The \cost of the first techno\logy is ₦500 per hour, and the \cost of the second techno\logy is ₦750 per hour. Find the firm's optimal production techno\logy.
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About This Question
This is Post Utme Bowen University 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.
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