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Theory of Costs and Revenue - Jamb Economics Past Questions and Answers

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Jamb Economics Past Questions

Jamb Past Questions and Answers on Theory of Costs and Revenue

Question 101:


The optimum level of output of the firm is

A. BC
B. OB
C. OS
D. BS


Question 102:


A company's expenditure on raw materials is regarded as?

A. Explicit cost
B. Implicit cost
C. Prime cost
D. Average cost






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