Post Utme Joseph Ayo Babalola University 2020 Commerce Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice
Question 9 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A firm is considering two production processes, A and B. Process A is more labor-intensive but has a lower capital requirement. Process B is more capital-intensive but has a lower labor requirement. Which process should the firm choose?

Answer Options

A. Process A because it has a lower capital requirement.
Correct Answer B. Process B because it has a lower labor requirement.
C. Process A because it is more labor-intensive.
D. Process B because it is more capital-intensive.
Correct Answer
B
Correct Option:
Process B because it has a lower labor requirement.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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