Post Utme Oau 2024 Commerce Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Oau Commerce examination.

Post Utme Oau 2024 Commerce Objective / Multiple Choice
Question 33 POST_UTME_OAU • 2024 • COMMERCE • objective

A firm is considering two different production technologies: Technology A and Technology B. The production functions for these technologies are given by Q_A = 2L^0.5 + 3K^0.5 and Q_B = 3L^0.5 + 2K^0.5. If the firm's current input levels are L = 4 and K = 9, which technology should the firm choose?

Answer Options

Correct Answer A. Technology A
B. Technology B
C. Both technologies are equally efficient
D. Neither technology is efficient
Correct Answer
A
Correct Option:
Technology A

About This Question

This is Post Utme Oau 2024 Commerce Question 33. It is one of the objective questions from the 2024 Post Utme Oau Commerce examination.

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