Question

Which of the following is related to the problem 'how to produce'?

• A. Factorial distribution of income.
• B. The choice of technique.
• C. The choice of product.
• D. None of the above.

Answer 1

Answer: (B)

The choice of technique.

The question for "How to produce?" is faced by the economy they should consider both labour intensive techniques as well as capital intensive techniques depending upon the availability of resources in the economy.