Post Utme Economics Questions
Question 336:
Marginal product cuts average product at:
- A Maximum revenue point
- B Maximum AP point
- C Minimum AP point
- D Zero production point
Question 337:
A firm should continue producing as long as:
- A TR becomes constant
- B AVC exceeds AFC fully
- C MC exceeds MR level
- D MR exceeds MC level
Question 338:
GDP at market price includes:
- A Imports excluded completely
- B Indirect taxes added
- C Transfer payments only
- D Depreciation removed fully
Question 339:
Double counting in national income means:
- A Excluding government spending
- B Ignoring imported commodities
- C Measuring exports separately
- D Counting same output repeatedly
Question 340:
When average product rises:
- A Average cost increases sharply
- B Marginal product becomes negative
- C Marginal product exceeds average product
- D Total revenue falls rapidly