Post Utme Eksu 2023 Commerce Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Eksu Commerce examination.

Post Utme Eksu 2023 Commerce Objective / Multiple Choice
Question 17 POST_UTME_EKSU • 2023 • COMMERCE • objective

A firm is considering two different production technologies: one that uses a lot of labor and another that uses a lot of capital. Which technology would be more suitable for a firm that has a large supply of labor but limited capital?

Answer Options

Correct Answer A. The technology that uses a lot of labor.
B. The technology that uses a lot of capital.
C. Both technologies are equally suitable.
D. Neither technology is suitable.
Correct Answer
A
Correct Option:
The technology that uses a lot of labor.

About This Question

This is Post Utme Eksu 2023 Commerce Question 17. It is one of the objective questions from the 2023 Post Utme Eksu Commerce examination.

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