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Economics Past Questions and Answers

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Economics Questions

Question 4756:

External diseconomies occur because of:

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A Improved infrastructure systems
B Increased skilled labour supply
C Industry-wide negative conditions
D Better transportation facilities

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Question 4757:

Internal economies of scale arise from:

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A Government population increase
B Growth within the firm
C Reduction in consumer demand
D Changes in climate conditions

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Question 4758:

In the short run, some costs are fixed because:

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A Certain factors cannot change quickly
B All resources vary immediately
C Revenue becomes constant
D Production stops permanently

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Question 4759:

Which concept measures sacrifice of next alternative?

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A Opportunity cost concept
B Marginal revenue principle
C Accounting profit system
D Fixed cost analysis

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Question 4760:

Financial economies of scale occur when firms:

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A Increase transportation delays
B Reduce labour specialization
C Eliminate production entirely
D Obtain loans more easily

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