Post Utme Bsu 2017 Economics Question 28
Practice objective / multiple choice question 28 from the 2017 Post Utme Bsu Economics examination.
A firm is considering two different production techno\logies: a traditional techno\logy with a production function Q = 2L^0.5K^0.5, and a modern techno\logy with a production function Q = 3L^0.7K^0.3. If the firm's current input prices are wL = ₦100 and rK = ₦200, and it is currently producing 100 units of output, which techno\logy should the firm adopt?
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About This Question
This is Post Utme Bsu 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Bsu Economics examination.
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