Post Utme Economics Questions
Question 286:
External diseconomies occur because of:
- A Improved infrastructure systems
- B Increased skilled labour supply
- C Industry-wide negative conditions
- D Better transportation facilities
Question 287:
Internal economies of scale arise from:
- A Government population increase
- B Growth within the firm
- C Reduction in consumer demand
- D Changes in climate conditions
Question 288:
In the short run, some costs are fixed because:
- A Certain factors cannot change quickly
- B All resources vary immediately
- C Revenue becomes constant
- D Production stops permanently
Question 289:
Which concept measures sacrifice of next alternative?
- A Opportunity cost concept
- B Marginal revenue principle
- C Accounting profit system
- D Fixed cost analysis
Question 290:
Financial economies of scale occur when firms:
- A Increase transportation delays
- B Reduce labour specialization
- C Eliminate production entirely
- D Obtain loans more easily