Post Utme Coal City University 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is considering two production processes: one that uses 10 units of labor and 5 units of capital to produce 100 units of output, and another that uses 15 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 production process should it choose?

Answer Options

A. The first production process
Correct Answer B. The second production process
C. Both production processes are equally efficient
D. Neither production process is efficient
Correct Answer
B
Correct Option:
The second production process

About This Question

This is Post Utme Coal City University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Coal City University Economics examination.

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