Past Questions And Answers
Which of the following is a friend of farmer
- A. earthworm
- B. aphid
- C. grasshopper
- D. termite
when a country has a large labour forvce , it is beneficial to use a method of production which is
- A. capital intensive
- B. land intensive
- C. labour intensive
- D. mechanically intensive
Baba and ___ participated in the tournament
- (A) him
- (B) hers
- (C) his
- (D) he
During the processes of soil formation, the cracks or crevices that are first noticed on the rocks are normally caused by
- A. ice
- B. man
- C. wind
- D. temperature
Instruction: Choose the word opposite in meaning to the underlined words.
The government was accused of implementing policies that favoured theelite instead of the …
- A. masses
- B. oppressed
- C. executive
- D. worker
The relationship between the elements of the ecosystem is best described as
- A. multi-directional
- B. parastic
- C. uni-directional
- D. interdependent
Coverage against unexpected events is called?
- A. insurance
- B. assurance
- C. warranty
- D. reinsurance
The vegetation type which is found only in the Northern Hemisphere is the
- A. Mediterranean woodland
- B. Tundra vegetation
- C. Tropical rainforest
- D. Coniferous forest
The output and cost of production of rice (in bags) are presented in the table below. Use the information in the table to answer the questions that follow.
| Output of rice (in bags) | 0 | 1 | 2 | 3 | 4 |
| Total Variables Coat (TVC) $ | 0 | 5 | 7 | 10 | 20 |
| Total Cost (TC) $ | 7 | 12 | 14 | 17 | 27 |
(a) Calculate the
(i) Average Fixed Cost (AFC) at output levels 0,2 and 4
(ii) Marginal Cost (MC) at all levels of output
(b) If the price of a bag of rice were $10,
(i) calculate the profit/loss at all levels of output.
(ii) at what output level(s) is the maximum profit made?
(c) Draw the marginal cost curve (the use of graph sheet is essential).
Two digit percentage inflation means
- A. less than two decimal places
- B. from 10-99
- C. more than two decimal places
- D. above twenty