Post Utme Lautech 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Lautech Commerce examination.

Post Utme Lautech 2023 Commerce Objective / Multiple Choice
Question 31 POST_UTME_LAUTECH • 2023 • COMMERCE • objective

A firm specializes in producing a single product, which is used as an input in the production of another product. This is an example of _______.

Answer Options

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

About This Question

This is Post Utme Lautech 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Lautech Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support