Economics Past Questions and Answers

In the diagram, the profit maximizing output is

if in the graph, it is assumed that the price is initially P₁, it can be deduced that price will

Calculate the marginal physical product of the last unit of input

At what level of input has diminishing marginal returns set in?

\(\begin{array}{c|c}
\text{Age group(years)} & \text{Distribution(%)} \\ \hline
\text{Above 60} & 30 \\
\hline
15 - 60 & 45 \\
\hline
0 - 14 & 25 \\
\end{array}\)
The estimated dependency ratio of the population distribution shown here is