Post Utme Rhema University 2019 Commerce Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2019 Commerce Objective / Multiple Choice
Question 13 POST_UTME_RHEMA_UNIVERSITY • 2019 • COMMERCE • objective

A firm is considering two different production processes for its product. Process A involves a high level of labor and a low level of capital, while Process B involves a low level of labor and a high level of capital. Which process is more likely to be efficient?

Answer Options

A. Process A, because it involves a high level of labor and a low level of capital
Correct Answer B. Process B, because it involves a low level of labor and a high level of capital
C. Process A, because it involves a low level of labor and a high level of capital
D. Process B, because it involves a high level of labor and a low level of capital
Correct Answer
B
Correct Option:
Process B, because it involves a low level of labor and a high level of capital

About This Question

This is Post Utme Rhema University 2019 Commerce Question 13. It is one of the objective questions from the 2019 Post Utme Rhema University Commerce examination.

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