Post Utme Esut 2022 Economics Question 5
Practice objective / multiple choice question 5 from the 2022 Post Utme Esut Economics examination.
A firm is considering two different production techno\logies: a traditional techno\logy that requires 2 units of labor and 1 unit of capital to produce 1 unit of output, and a modern techno\logy that requires 1 unit of labor and 2 units of capital to produce 1 unit of output. If the firm has 10 units of labor and 20 units of capital, which techno\logy should it choose?
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About This Question
This is Post Utme Esut 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.
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