WAEC Economics 2025 Objective — Question 20
Question 20 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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By installing a larger and more efficient production plant, a firm enjoys
- A. managerial economies.
- B. financial economies.
- C. technical economies.Correct
- D. marketing economies.
Explanation
Using larger, more efficient machinery/plant to cut unit costs is a technical economy of scale.
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