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WAEC Economics 2025 Question 41

Question 41

Theory of Production

By installing a larger and more efficient production plant, a firm enjoys

  1. A.financial economies.
  2. B.managerial economies.
  3. C.marketing economies.
  4. D.technical economies.
Show the answer and explanation

Answer: D (technical economies.)

Explanation

Bigger, better machines give technical economies.