Post Utme Pan Atlantic University 2017 Economics Question 30
Practice objective / multiple choice question 30 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, what is the opportunity \cost of choo\sing the modern techno\logy?
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About This Question
This is Post Utme Pan Atlantic University 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.
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