Post Utme Economics Questions
Question 236:
Consumer equilibrium under utility analysis occurs when:
- A MC equals AVC
- B TU equals MU
- C MUx/Px = MUy/Py
- D AR equals MR
Question 237:
The curve showing combinations of goods giving equal satisfaction is:
- A Demand curve
- B Isoquant curve
- C Indifference curve
- D Supply curve
Question 238:
GDP measures:
- A Citizens abroad only
- B Output within a country
- C Foreign investments
- D Public debt
Question 239:
Per capita income is calculated by:
- A GDP × Population
- B National income ÷ Population
- C Population ÷ Exports
- D Revenue − Cost
Question 240:
A tax charged at the same rate on all income levels is:
- A Indirect tax
- B Regressive tax
- C Progressive tax
- D Proportional tax