Post Utme Afe Babalola University 2025 Commerce Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2025 Commerce Objective / Multiple Choice
Question 6 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • COMMERCE • objective

A firm specializes in producing only one good. This specialization is an example of which of the following production concepts?

Answer Options

A. Economies of scale
Correct Answer B. Division of labor
C. Comparative advantage
D. Opportunity cost
Correct Answer
B
Correct Option:
Division of labor

About This Question

This is Post Utme Afe Babalola University 2025 Commerce Question 6. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Commerce examination.

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