Post Utme Skyline University 2024 Commerce Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2024 Commerce Objective / Multiple Choice

Question 20 POST_UTME_SKYLINE_UNIVERSITY • 2024 • COMMERCE • objective

A firm is considering the use of a new production technology. The new technology has a higher fixed cost but a lower variable cost compared to the existing technology. What is the likely outcome for the firm's production level?

Answer Options

Correct Answer A. Increase in production level

B. Decrease in production level

C. No change in production level

D. Increase in price

Correct Answer

Correct Option:

Increase in production level

About This Question

This is Post Utme Skyline University 2024 Commerce Question 20. It is one of the objective questions from the 2024 Post Utme Skyline University Commerce examination.

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