WAEC Economics 2024 Objective — Question 19
Question 19 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.
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19. In the short-run, a firm can increase output by
- A. increasing the size of its machines.
- B. purchasing more machines.
- C. changing its organizational structure.
- D. increasing the quantity of raw materials.Correct
Explanation
In the short run, only variable inputs (such as raw materials) can be increased to raise output; other factors are fixed in the short-run.
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