Post Utme Osustech 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Osustech Economics examination.

Post Utme Osustech 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_OSUSTECH • 2017 • ECONOMICS • objective

A firm is considering two different production techno\logies: one that produces 100 units of output per unit of labor and another that produces 200 units of output per unit of labor. If the price of labor is ₦100 per unit, which techno\logy should the firm choose?

Answer Options

A. Techno\logy 1
Correct Answer B. Techno\logy 2
C. Both techno\logies are equally profitable
D. Neither techno\logy is profitable
Correct Answer
B
Correct Option:
Techno\logy 2

About This Question

This is Post Utme Osustech 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.

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