Post Utme Unn 2021 Economics Question 24
Practice objective / multiple choice question 24 from the 2021 Post Utme Unn Economics examination.
A firm is considering two different production techno\logies: a traditional techno\logy with a production function Q = 2L + 3K, and a modern techno\logy with a production function Q = 4L + 2K. If the firm's \cost of labor is ₦10 per unit, and the \cost of capital is ₦20 per unit, which techno\logy should the firm adopt?
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About This Question
This is Post Utme Unn 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.
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