The problem of “how to produce” in any economy is solved by

Economics

NECO 2005

A. adopting the least cost method of production
B. combining capital and labour intensive methods of production
C. employing the services of a manager
D. using capital intensive method of production
E. using labour intensive method of production

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Correct Answer: Option B

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The problem of “how to produce” in any economy is solved by

Correct Answer: Option B

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