Economics Past Questions and Answers

In a small scale business, the fixed cost is N5,000, variable cost is N15,000 and the output is 500 units. What will be the unit cost of the goods?

External dis-economies of scale result from excessive growth of?

If a total cost curve is plotted, marginal cost can be illustrated by the?

The short-run equilibrium in a perfectly competitive market requires that?

At the point where marginal revenue of a monopolist is equal zero, its total revenue will be?