Post Utme Nile University 2025 Economics Question 40
Practice objective / multiple choice question 40 from the 2025 Post Utme Nile University Economics examination.
A firm is considering two alternative production techno\logies: Techno\logy A and Techno\logy B. Techno\logy A has a production function Q = 2L^0.5K^0.5, while Techno\logy B has a production function Q = 3L^0.5K^0.5. If the firm's current input prices are w_L = 10 and w_K = 20, and the firm's current output price is p = 50, determine which techno\logy the firm should adopt.
Answer Options
About This Question
This is Post Utme Nile University 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Nile University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.