NECO Economics Questions and Responses 2020 (Theory and Objectives)
NECO Economics Questions and Answers 2020. I is going to be demonstrating past Economics objective together with concept duplicated questions totally free in this particular post. You will in addition understand how NECO Economics questions are established and even how to answer these individuals.
NECO Economics Objectives and even Essay answers 2020
This concerns under are the particular NECO 2020 Economics Training Questions. Undergo them together with be ready to scores high in your NECO 2020 Economics Examination.
you. Advancements outside a particular firm which usually reduce this firm’s costs are known as
A. internal economics
M. exterior economics
C. alternative diseconomies
D. optimum side effects
ANSWER: B (external economics)
2. If at 10K every kg, 1000kg of sweet potato were purchased, typically the resultant point elasticity of desire is
A. 0. 33
B. 0. 0001
ANSWER: C (1)
4. neco runs in which all inputs are doubled in addition to output also doubles is termed
A. constant proportions
W. increasing returns to level
C. constant returns
G. constant returns to scale.
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