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Wednesday, 01 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 4776:
Which cost is ignored in accounting records often?
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  • A Electricity payment cost
  • B Transportation expenses
  • C Direct labour expense
  • D Implicit opportunity cost
View Answer & Explanation
Question 4777:
Technical economies of scale occur when firms:
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  • A Use advanced production technology
  • B Eliminate specialization entirely
  • C Ignore production planning
  • D Reduce machinery usage fully
View Answer & Explanation
Question 4778:
Marketing economies occur when firms:
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  • A Ignore consumer preferences
  • B Eliminate transportation systems
  • C Reduce machinery usage greatly
  • D Advertise products on large scale
View Answer & Explanation
Question 4779:
Social cost refers to:
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  • A Average production expenses
  • B Fixed production expenses
  • C Cost imposed on society
  • D Government salary payments
View Answer & Explanation
Question 4780:
One feature of economies of scale is:
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  • A Decreasing output capacity
  • B Rising production inefficiency
  • C Constant labour productivity
  • D Falling average production costs
View Answer & Explanation

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