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Wednesday, 01 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 4806:
Marginal product cuts average product at:
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  • A Maximum revenue point
  • B Maximum AP point
  • C Minimum AP point
  • D Zero production point
View Answer & Explanation
Question 4807:
A firm should continue producing as long as:
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  • A TR becomes constant
  • B AVC exceeds AFC fully
  • C MC exceeds MR level
  • D MR exceeds MC level
View Answer & Explanation
Question 4808:
GDP at market price includes:
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  • A Imports excluded completely
  • B Indirect taxes added
  • C Transfer payments only
  • D Depreciation removed fully
View Answer & Explanation
Question 4809:
Double counting in national income means:
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  • A Excluding government spending
  • B Ignoring imported commodities
  • C Measuring exports separately
  • D Counting same output repeatedly
View Answer & Explanation
Question 4810:
When average product rises:
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  • A Average cost increases sharply
  • B Marginal product becomes negative
  • C Marginal product exceeds average product
  • D Total revenue falls rapidly
View Answer & Explanation

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