Post Utme Ksu 2024 Economics Question 6
Practice objective / multiple choice question 6 from the 2024 Post Utme Ksu Economics examination.
A firm is considering two production techno\logies: one that requires an initial investment of ₦1.5 million and has a fixed \cost of ₦0.5 million, and another that requires an initial investment of ₦2 million and has a fixed \cost of ₦1 million. If the variable \cost per unit is ₦0.2 million and the selling price per unit is ₦0.5 million, which techno\logy should the firm adopt to maximize its profit?
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About This Question
This is Post Utme Ksu 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.
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