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WAEC Agricultural Science 2006 Question 55

Question 55

Basic Agricultural Economics

The advantages derived from the efficient combination of factors of production in agriculture include the following except

  1. A.reduced production cost
  2. B.increased production cost
  3. C.increased profit margins
  4. D.increased gross revenue
Show the answer and explanation

Answer: B (increased production cost)

Explanation

Efficiency lowers costs, it does not raise them.