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Economics Grade 10 Unit 3: Theories of Production and Cost
national exam questions have come from this unit. It runs 23 pages; one careful study pass takes about 1.4 hours, and its difficulty is easier among Economics units. Each section below lists the questions set from it, with the year, and opens the page that teaches it.
3.1 Theory of Production · read p. 48
Not asked in a national paper yet.
3.2 Theory of Cost · read p. 48
- 2018 E.C., Q48 – Which one of the following is correct about capital side technical progress?
- 2018 E.C., Q30 – Which one of the following is the extra or additional total cost that results from producing one more unit of output?
- 2018 E.C., Q74 – Given the following short run total production function (TP) where Labor(L) is the only variable input used in the production process: $TP=L^3-3L$, if the firm want to increase the amount of labor(L) used from 4 to 5, th
- 2012 E.C., Q21 – For a rational consumer, total utility will be a maximum when
- 2012 E.C., Q25 – Which one of the following is true statement of short run production function with one variable input?
- 2011 E.C., Q3 – Which one of the following costs increases as output increases in the short run?