Economics Past Questions and Answers

40 men were employed in a farm, and they produced an average of 30 tonnes of cassava per person. Calculate the total product.

Economists refer to private goods as

The rate of output per worker (or group of workers) per unit time is called

The quantity of commodity a consumer is willing and able to buy at a particular time is called

If the supply curve of labour market is given as S = 4L + 8. What is L when s = 20?