Post Utme Christopher University 2018 Commerce Question 18
Practice objective / multiple choice question 18 from the 2018 Post Utme Christopher University Commerce examination.
A firm is considering two different production technologies: a traditional technology that requires 10 units of labor and 5 units of capital to produce 100 units of output, and a modern technology that requires 8 units of labor and 3 units of capital to produce 120 units of output. If the firm has 20 units of labor and 10 units of capital available, which technology should it adopt to maximize its output?
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About This Question
This is Post Utme Christopher University 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Christopher University Commerce examination.
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