Production economics UE Past Papers Questions.
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(1417) Question Category: Multiple choices The derived demand curve is;
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(1418) Question Category: Multiple choices A farmer at Mikese Morogoro establishes that during the last year tomato production was such that the marginal revenue was higher than marginal cost. The farmer should;
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(1419) Question Category: Multiple choices A producer is a price taker in the factor market because;
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(1420) Question Category: Multiple choices Given the total cost function 120Y-Y2 +0.002Y3 . Where Y is output. If the product price is 200SHS, the producer is not making any profit because;
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(1421) Question Category: Multiple choices For producer with the production function; Y=2X+2X2-0.4X3 where X=input and Y=output ; Unitary elasticity of production is attained as the coordinates (x,y)
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