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

Economics

WAEC 2024

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

Correct Answer: Option D

Explanation

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