Post Utme Uniben 2021 Economics Question 32
Practice objective / multiple choice question 32 from the 2021 Post Utme Uniben Economics examination.
A firm is considering two production techno\logies: one that yields 100 units of output per hour and another that yields 120 units of output per hour. The firm's production function is given by Q = 2K^0.5L^0.5, where K is the capital and L is the labor. U\sing the concept of returns to scale, determine which techno\logy the firm should adopt to maximize output.
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About This Question
This is Post Utme Uniben 2021 Economics Question 32. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.
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