Economics Questions On Unit 5
Economics Questions On Unit 5
Economics Questions On Unit 5
.Tr
ue/
fal
se
1.Whent
het
otal
productdecr
easemar
ginal
productal
sodecr
eases.
2.Theshor
trunAC,
AVCandMCar
eal
lU-shaped.
3.I
mpl
i
citcost
sar
epr
act
ical
l
ythesamewi
thoppor
tuni
tycost
.
4.Thedecr
easei
ninputhol
dingt
hequant
it
iesofot
herf
act
orsconst
anti
ster
medasmar
ginal
product
.
I
I.Choi
ce
5.Whenanoutputi
sdecl
i
ning,
var
iabl
ecost
sar
e__
___
___
_
A,
decr
easi
ng. B,
incr
easi
ng. C,
const
ant
. D,
noneoft
heabov
e
6.Whi
choft
hef
oll
owi
ngi
snoti
ntangi
bleout
put
?
A.Cash B.Repai
r C.I
nsur
ance. D.Educat
ion
7.Whi
chst
ageofpr
oduct
ioni
sthemostef
fi
cient
?
A.St
ageI B.St
ageI
I C.St
ageI
II D.Al
l
I
II
.Wor
kout
8.Compl
etet
hef
oll
owi
ngt
abl
e.
Out
put TFC AFC TVC AVC TC ATC MC
0 50 0 50
1 50 10 60
2 50 15 65
3 50 20 70
4 50 30 80
I
V.Shor
tanswer
s.
9.Whati
sthedi
ff
erencebet
weenaccount
ingcostandeconomi
ccost
?
10.Whati
stheot
herv
alueofmar
ginal
cost
?
Answer
s
1.Fal
se
2.Tr
ue
3.Tr
ue
4.Fal
se
5.A
6.A
7.A
8.
Out
put TFC AFC TVC AVC TC ATC MC
0 50 - 0 - 50 - -
1 50 50 10 10 60 60 10
2 50 25 15 7.
5 65 32.
5 5
3 50 16.
6 20 6.
6 70 23.
3 5
4 50 12.
5 30 7.
5 80 20 10
9.Account
ingcosti
sthemonet
aryv
alueofal
lpur
chasedi
nput
susedi
npr
oduct
ion.
Economi
ccosti
sthesum ofi
mpl
i
citandexpl
i
citcost
s.
10.Thechangei
ntot
alcost
Gr
oupMember
s
1.Et
subYewondwossen
2.Hel
i
naShi
gaze
3.KenaGi
ragn
4.Ti
rsi
tGet
achew
5.Tsedeni
aMekonnen