Post Utme Coal City University 2025 Commerce Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2025 Commerce Objective / Multiple Choice
Question 3 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • COMMERCE • objective

A firm is considering the use of a new production technology. The new technology will increase the firm's productivity, but it will also increase the firm's costs. Which of the following production theories would best explain the firm's decision to adopt the new technology?

Answer Options

A. The law of diminishing returns
B. The law of increasing costs
Correct Answer C. The law of comparative advantage
D. The law of supply and demand
Correct Answer
C
Correct Option:
The law of comparative advantage

About This Question

This is Post Utme Coal City University 2025 Commerce Question 3. It is one of the objective questions from the 2025 Post Utme Coal City University Commerce examination.

View More Post Utme Coal City University 2025 Commerce Questions More Post Utme Coal City University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support