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economics Practice tests Neco, Jamb, Wascce,SSce, Sat, Gre, Toefel, Gmat Online

Practice economics tests question Below by selecting the right option.

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Long-run production is called




external economies o
B


diminishing returns
C


returns to scale
D

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The technical relationship between input combination and maximum attainable output is called




a production functio
B


an isoquant
C


an isocost
D

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An example of a long-run cost of a firm is demonstrated by




rent on buildings
B


fuel and maintenance
C


the planned size of
D

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