passwella.
Menu

WAEC Economics 2024 Question 19

Question 19

Theory of Production

In the short-run, a firm can increase output by

  1. A.increasing the size of its machines.
  2. B.purchasing more equipment.
  3. C.changing its organizational structure.
  4. D.increasing the quantity of raw materials.
Show the answer and explanation

Answer: D (increasing the quantity of raw materials.)

Explanation

Only variable inputs such as raw materials can be increased in the short run.