Post Utme Economics Questions
Question 291:
Which factor may cause diseconomies of scale?
- A Better technological usage
- B Efficient resource allocation
- C Poor managerial coordination
- D Increased worker specialization
Question 292:
Implicit costs involve:
- A Market transportation expenses
- B Direct salary payments
- C Unpaid sacrificed alternatives
- D Government tax obligations
Question 293:
Average cost falls initially because of:
- A Increasing returns to scale
- B Declining resource productivity
- C Rising managerial confusion
- D Decreasing labour efficiency
Question 294:
One benefit of economies of scale is:
- A Reduced managerial control
- B Higher average production cost
- C Rising communication breakdown
- D Increased productive efficiency
Question 295:
Which cost concept guides rational decision making?
- A Historical accounting cost
- B Total revenue estimate
- C Fixed overhead expenses
- D Opportunity cost principle