Post Utme Pan Atlantic University 2025 Economics Question 19
Practice objective / multiple choice question 19 from the 2025 Post Utme Pan Atlantic University Economics examination.
A firm is considering two different production techno\logies: a traditional techno\logy with a production function Q = 2L^0.5K^0.5, and a new techno\logy with a production function Q = 3L^0.7K^0.3. If the firm's current input prices are w_L = 10 and w_K = 20, and it is currently producing 100 units of output, which techno\logy should the firm adopt?
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About This Question
This is Post Utme Pan Atlantic University 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Economics examination.
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