October 20th 2020 Neco Economics Questions and Answers,Economics obj and essay expo Answers

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2020 Waec Neco Economics questions and answers call 08109410924 call 08109410924 To Get 2020 Neco Economics Questions and Answers 2020 Waec Neco Economics questions and answers call 08109410924 call 08109410924 To Get 2020 Neco Economics


(2ai)

at output 0; marginal revenue (M. R)

= $0.00


at output 15; M.R = TR2-TR1

=30 – 0 = $30.0


at output 35; M.R = TR3 – TR2

70 – 30 = $40.0


at output 60; M.R = TR4 – TR3

=120 – 70 = $50.0


at output 85; M.R = TR5 – TR4

= 170 – 120 = $50.0


(2aii)

at output 0, marginal cost (mc) = $0.00


at output 15, mc = TC2 – TC1

= 45 – 15 = $30.00


at output 35, mc = TC3 – TC2 = 70 – 45 = $25.0


at output 60, mc = TC4 – TC3

= 90 – 70 = $20.0


at output 85, mc = TC5 – TC4

= 85 – 60 = $25.0


(2b)

(i) The firm broke even at output 60kg.

(ii) The firm made the highest profit at output level 85kg.

(iii) The firm attained equilibrium at output 35kg

(3b)


– It leads to over population; An increasing or large population of a country if not timely controlled will lead to over population


– Increase in government expenditure; The more the population of a country increases, the more the government’s expenditure increases


– It may lead to congestion; Increasing population if not controlled will lead to congestion in the area of housing, traffic, schools,etc,


3c) – Family planning; Family planning which involves giving birth to controllable number 


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To get the rest to get the full Questions and answers call us now 2020 Waec Neco Economics questions and answers call 08109410924 call 08109410924 To Get 2020 Neco Economics Questions and Answers 2020 Waec Neco Economics questions and answers call 08109410924 call 08109410924 To Get 2020 Neco Economics (2ai) at output 0; marginal revenue (M. R) = $0.00 at output 15; M.R = TR2-TR1 =30 – 0 = $30.0 at output 35; M.R = TR3 – TR2 70 – 30 = $40.0 at output 60; M.R = TR4 – TR3 =120 – 70 = $50.0 at output 85; M.R = TR5 – TR4 = 170 – 120 = $50.0 (2aii) at output 0, marginal cost (mc) = $0.00 at output 15, mc = TC2 – TC1 = 45 – 15 = $30.00 at output 35, mc = TC3 – TC2 = 70 – 45 = $25.0 at output 60, mc = TC4 – TC3 = 90 – 70 = $20.0 at output 85, mc = TC5 – TC4 = 85 – 60 = $25.0 (2b) (i) The firm broke even at output 60kg. (ii) The firm made the highest profit at output level 85kg. (iii) The firm attained equilibrium at output 35kg (3b) – It leads to over population; An increasing or large population of a country if not timely controlled will lead to over population – Increase in government expenditure; The more the population of a country increases, the more the government’s expenditure increases – It may lead to congestion; Increasing population if not controlled will lead to congestion in the area of housing, traffic, schools,etc, 3c) – Family planning; Family planning which involves giving birth to controllable number Call us now to get the rest answers Call now to get it To get the rest to get the full Questions and answers call us now 2020 Waec Neco Economics questions and answers call 08109410924 call 08109410924 To Get 2020 Neco Economics Questions and Answers 2020 Waec Neco Economics questions and answers call 08109410924 call 08109410924 To Get 2020 Neco Economics (2ai) at output 0; marginal revenue (M. R) = $0.00 at output 15; M.R = TR2-TR1 =30 – 0 = $30.0 at output 35; M.R = TR3 – TR2 70 – 30 = $40.0 at output 60; M.R = TR4 – TR3 =120 – 70 = $50.0 at output 85; M.R = TR5 – TR4 = 170 – 120 = $50.0 (2aii) at output 0, marginal cost (mc) = $0.00 at output 15, mc = TC2 – TC1 = 45 – 15 = $30.00 at output 35, mc = TC3 – TC2 = 70 – 45 = $25.0 at output 60, mc = TC4 – TC3 = 90 – 70 = $20.0 at output 85, mc = TC5 – TC4 = 85 – 60 = $25.0 (2b) (i) The firm broke even at output 60kg. (ii) The firm made the highest profit at output level 85kg. (iii) The firm attained equilibrium at output 35kg (3b) – It leads to over population; An increasing or large population of a country if not timely controlled will lead to over population – Increase in government expenditure; The more the population of a country increases, the more the government’s expenditure increases – It may lead to congestion; Increasing population if not controlled will lead to congestion in the area of housing, traffic, schools,etc, 3c) – Family planning; Family planning which involves giving birth to controllable number Call us now to get the rest answers Call now to get it

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