Economics Past QuestionsQuestion 411:Disposable income is the same thing as A. Personal income minus personal savings B. Personal inome minus taxes C. National income minus depriciation D. Exports minus imports E. Savings plus investments Question 412:Marginal cost is A. Lowest cost of producing goods B. The cost of production of the most efficient firm in the industry C. Cost of production of the most inefficient firm in the industry D. The cost of production of the last or extra unit of goods produced by a firm E. The cost of production at which the minimum profit is obtained by a firm Question 413:Which of the following is not a form of business organization A. A sole proprietorship B. Cartel C. Partnership D. Joint stock E. Cooperative society Question 414:As consumption of beer increases, its marginal utility to a drinker will A. Increase B. Remain constant C. Fluctuate D. Decrease E. Change proportionally Question 415:Which of the following sector of the economy is estimated to be the largest employer of labour in the country A. Construction B. Agriculture C. Distribution D. Mining and petroleum E. Transport and communication |
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