Post Utme Crawford University 2022 Commerce Question 4
Practice objective / multiple choice question 4 from the 2022 Post Utme Crawford University Commerce examination.
A firm is considering investing in a new production technology that will increase its output by 20%. The firm currently produces 10,000 units per year, and sells each unit for ₦500. The new technology will cost ₦1,000,000 to implement, but will also result in a 10% increase in labor costs. What is the net effect of implementing the new technology on the firm's profits?
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About This Question
This is Post Utme Crawford University 2022 Commerce Question 4. It is one of the objective questions from the 2022 Post Utme Crawford University Commerce examination.
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