Post Utme Pan Atlantic University 2017 Economics Question 28
Practice objective / multiple choice question 28 from the 2017 Post Utme Pan Atlantic University Economics examination.
A firm is considering two different production techno\logies: a traditional techno\logy that requires 2 units of labor and 1 unit of capital to produce 1 unit of output, and a modern techno\logy that requires 1 unit of labor and 2 units of capital to produce 1 unit of output. If the firm has 10 units of labor and 20 units of capital available, which techno\logy should it choose?
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About This Question
This is Post Utme Pan Atlantic University 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.
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