Post Utme Eksu 2018 Commerce Question 28
Practice objective / multiple choice question 28 from the 2018 Post Utme Eksu Commerce examination.
A firm is considering two different production technologies: one that requires 2 units of labor and 1 unit of capital to produce 1 unit of output, and another that requires 1 unit of labor and 2 units of capital to produce 1 unit of output. If the price of labor is ₦500 per hour and the price of capital is ₦1000 per unit, which technology should the firm choose?
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About This Question
This is Post Utme Eksu 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Eksu Commerce examination.
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