Concepts Of Cost Jamb Economics Past Questions
Question 26
Total fixed cost measures the cost of?
- A. all plant and machinery
- B. all assets where quantity cannot be varied in the short run
- C. all assets upon which the firm has control
- D. prooerty owned by the firm
Question 27
Which of following rewards is associated with entrepreneurship as a factor of production?
- A. Salaries
- B. Profit
- C. Interests
- D. Rents
Question 28
Which of the following is NOT a part of the fixed costs of a limited liability company?
- A. Interest on loans
- B. Rent on buildings
- C. Depreciation reserves
- D. Management expenditure
- E. Wages
