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Firm & Production Quiz

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Firm & Production Quiz

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About this activity

Grade 10 economics: firm and production basics.

Created by

adesola adekoya
adesola adekoya
Nigeria

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Firm & Production Quiz
 

Firm & Production QuizOnline version

Grade 10 economics: firm and production basics.

by adesola adekoya
1

What is the primary goal of most firms in economics?

2

Which is a factor of production?

3

In the short run, which costs can be changed?

4

What does the production function show?

5

Economies of scale occur when average cost falls as:

6

What is marginal product?

7

If all inputs double and output doubles, returns to scale are:

8

Fixed costs:

9

Average total cost is total cost divided by:

10

Which term describes combining inputs to produce outputs efficiently?

 
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