Post Utme Elizade University 2023 Commerce Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2023 Commerce Objective / Multiple Choice
Question 18 POST_UTME_ELIZADE_UNIVERSITY • 2023 • COMMERCE • objective

A firm is considering two different production technologies. Technology A is more capital-intensive and has a higher level of productivity. Technology B is more labor-intensive and has a lower level of productivity. Which of the following is a correct statement about the choice between these two technologies?

Answer Options

A. The firm should choose Technology A because it has a higher level of productivity.
B. The firm should choose Technology B because it is more labor-intensive.
Correct Answer C. The firm should choose Technology A because it is more capital-intensive.
D. The firm should choose Technology B because it has a lower level of productivity.
Correct Answer
C
Correct Option:
The firm should choose Technology A because it is more capital-intensive.

About This Question

This is Post Utme Elizade University 2023 Commerce Question 18. It is one of the objective questions from the 2023 Post Utme Elizade University Commerce examination.

View More Post Utme Elizade University 2023 Commerce Questions More Post Utme Elizade 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