Post Utme Mountain Top University 2020 Economics Question 7
Practice objective / multiple choice question 7 from the 2020 Post Utme Mountain Top University Economics examination.
A firm is considering two production techno\logies: one that requires an initial investment of ₦100,000 and produces 100 units of output per day, and another that requires an initial investment of ₦200,000 and produces 200 units of output per day. If the firm expects to sell each unit of output for ₦500, which techno\logy should it choose?
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About This Question
This is Post Utme Mountain Top University 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.
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