Post Utme Summit University 2017 Commerce Question 39
Practice objective / multiple choice question 39 from the 2017 Post Utme Summit University Commerce examination.
A firm is considering two different production technologies: a traditional technology that requires 10 labor hours to produce 100 units of output, and a new technology that requires 5 labor hours to produce 100 units of output. If the firm's wage rate is 10 per hour, what is the cost of producing 100 units of output using the new technology?
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About This Question
This is Post Utme Summit University 2017 Commerce Question 39. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.
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