Post Utme Greenfield University 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice

Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is considering two different production techno\logies: one that is labor-intensive and another that is capital-intensive. Which techno\logy is likely to be more profitable in the long run?

Answer Options

A. The labor-intensive techno\logy

Correct Answer B. The capital-intensive techno\logy

C. Both techno\logies are equally profitable

D. Neither techno\logy is profitable

Correct Answer

Correct Option:

The capital-intensive techno\logy

About This Question

This is Post Utme Greenfield University 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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