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In the short-run, a firm can increase output by 

Economics
WAEC 2024

In the short-run, a firm can increase output by 

  • A. increasing the size of its machines.
  • B. purchasing more equipment.
  • C. changing its organizational structure.
  • D. increasing the quantity of raw materials.
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Correct Answer: Option D
Explanation

D: In the short run, for an organization to increase output, only the inputs will be needed to increase as all other factors are assumed to be fixed in the short-run.

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