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Economics Past Questions and Answers

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Economics Questions

Question 4761:

Which factor may cause diseconomies of scale?

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A Better technological usage
B Efficient resource allocation
C Poor managerial coordination
D Increased worker specialization

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Question 4762:

Implicit costs involve:

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A Market transportation expenses
B Direct salary payments
C Unpaid sacrificed alternatives
D Government tax obligations

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Question 4763:

Average cost falls initially because of:

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A Increasing returns to scale
B Declining resource productivity
C Rising managerial confusion
D Decreasing labour efficiency

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Question 4764:

One benefit of economies of scale is:

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A Reduced managerial control
B Higher average production cost
C Rising communication breakdown
D Increased productive efficiency

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Question 4765:

Which cost concept guides rational decision making?

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A Historical accounting cost
B Total revenue estimate
C Fixed overhead expenses
D Opportunity cost principle

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