As a firm increases its output, the average fixed cost
Tends to rise continuously
Remains constant
Rises and then falls
Tends to decreased continuously
Correct answer is D
No explanation has been provided for this answer.
Improved labour efficiency can be measured by
An increase in output-input ratio
An decrease in output-input ratio
The constancy of input-output ratio
An increase in input-output ratio
Correct answer is A
No explanation has been provided for this answer.
The Malthusian theory of population growth is often said to be
Ambiguous
Oversimplified
Pessimistic
Optimistic
Correct answer is C
No explanation has been provided for this answer.
The equilibrium wage in an economy is determined by the
Public service
Worker's union
Rate of inflation
Supply and demand for labour
Correct answer is D
No explanation has been provided for this answer.
Maximum population
Under-population
Over-population
Optimum population
Correct answer is B
No explanation has been provided for this answer.