Post Utme Lautech 2020 Commerce Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Lautech Commerce examination.

Post Utme Lautech 2020 Commerce Objective / Multiple Choice

Question 30 POST_UTME_LAUTECH • 2020 • COMMERCE • objective

A firm uses the concept of comparative advantage to determine its production decisions. What is the primary benefit of comparative advantage?

Answer Options

Correct Answer A. Increased production efficiency

B. Improved product quality

C. Enhanced customer service

D. Reduced production costs

Correct Answer

Correct Option:

Increased production efficiency

About This Question

This is Post Utme Lautech 2020 Commerce Question 30. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.

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