passpadi

2010

Economics

POST UTME

The primary problem of economics is:

A.

to obtain more equitable distribution of money income

B.

production of a given output with the lowest cost combination of factors of production

C.

Adoption of capital- intensive technology

D.

Increasing the quantity of the fixed factor of production.

Correct Answer: production of a given output with the lowest cost combination of factors of production

Explanation

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