Post Utme Noun 2023 Economics Question 4
Practice objective / multiple choice question 4 from the 2023 Post Utme Noun Economics examination.
A firm is considering two different production techno\logies: a traditional techno\logy that produces 100 units of output per hour and a modern techno\logy that produces 200 units of output per hour. If the firm's fixed \costs are ₦10,000 and its variable \costs are ₦5 per unit, which techno\logy should the firm choose?
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About This Question
This is Post Utme Noun 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.
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