Post Utme Economics Questions
Question 306:
Which cost is ignored in accounting records often?
- A Electricity payment cost
- B Transportation expenses
- C Direct labour expense
- D Implicit opportunity cost
Question 307:
Technical economies of scale occur when firms:
- A Use advanced production technology
- B Eliminate specialization entirely
- C Ignore production planning
- D Reduce machinery usage fully
Question 308:
Marketing economies occur when firms:
- A Ignore consumer preferences
- B Eliminate transportation systems
- C Reduce machinery usage greatly
- D Advertise products on large scale
Question 309:
Social cost refers to:
- A Average production expenses
- B Fixed production expenses
- C Cost imposed on society
- D Government salary payments
Question 310:
One feature of economies of scale is:
- A Decreasing output capacity
- B Rising production inefficiency
- C Constant labour productivity
- D Falling average production costs