A Level Economics Quiz 2017 Part 2

This Question is based on the table, which shows the sale and total of a firm.

In which market is the firm operating?

A profit-maximizing firm has an output of 10 units per period. The total fixed costs are 1,000 FCFA and total variable costs are 2,000FCFA. What is the minimum price per unit it should accept in the short run?

A firm should close down in a long term if its price is not able to cover

At a give time, a monopolist can control

This question is based on figure 3, showing the cost and revenue position of a firm

The total cost of the firm at the equilibrium output is

This question 21 is based on the table, which shows price and output as workers are recruits by a firm

If the firm employs 5 workers, then the equilibrium wage would be

Interest and profit are different in that

The relationship between the prices of securities and the market rate of interest is

national income plus transfer payments minus undistributed profits is

suppose the nominal GDP of Cameroon increase from 6, 000 billion FCFA in 1995 to 6.250 billion FCFA in 1966. If the base year was 1995 and the GDP deflator for 1996 was 125, what was the real GDP in 1996

Question is based on the
national income data below (figures are in million FCFA)

GNP at market price 2,000

Net property income from abroad -20

Indirect taxes 80

Subsidies 20

Depreciation 800

The value of national income is

The formula;

consumption +investment – important + Government spending + Exports,
represents

The paradox of thrift is based on the fact that, the more people save, the more

A closed economy has an MPC of 0.8. the equilibrium level of national income is 4,000 million FCFA and the full employment income is 5,000 million FCFA. Assuming private investment is unaffected, how much must government final expenditure be to increase for full employment to be attained

The basic assumption underlying the accelerator principle is that