passwella.
Menu

WAEC Economics 2025 Question 37

Question 37

Theory of Production

A firm can increase production in the short-run by

  1. A.buying more raw materials.
  2. B.increasing its fixed assets.
  3. C.building a new factory.
  4. D.employing skilled managers.
Show the answer and explanation

Answer: A (buying more raw materials.)

Explanation

Raw materials are a variable input that can be increased quickly.