WAEC Economics 2025 Objective — Question 19
Question 19 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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A firm can increase production in the short-run by
- A. increasing its fixed assets.
- B. buying more raw materials.Correct
- C. employing skilled managers.
- D. building a new factory.
Explanation
In the short run only variable inputs like raw materials can be increased; fixed inputs (factories, fixed assets) cannot be changed.
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