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Economics Past Questions and Answers

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Economics Questions

Question 4751:

One example of internal economies is:

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A Communication breakdown issues
B Managerial specialization advantage
C Rising transportation problems
D Increased traffic congestion

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Question 4752:

Which economy results from specialized machinery usage?

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A Managerial inefficiencies developed
B Technical economies achieved
C Financial diseconomies created
D Marketing losses experienced

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Question 4753:

Which economy comes from division of labour?

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A Financial production loss
B Transportation inefficiency problem
C Communication diseconomy
D Labour specialization economy

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Question 4754:

Diseconomies of scale occur when:

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A Output becomes completely fixed
B Revenue exceeds production cost
C Average cost rises with expansion
D Fixed cost disappears fully

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Question 4755:

If total cost is ₦900 and output is 45 units, calculate average cost:

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A ₦15
B ₦20
C ₦25
D ₦10

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